Hemostemix (CVE:HEM) Shares Down 16.7% – Time to Sell?

Hemostemix Inc. (CVE:HEMGet Free Report)’s share price was down 16.7% on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 236,500 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 279,794 shares. The stock had previously closed at C$0.12.

Hemostemix Stock Up 34.5 %

The firm’s 50-day simple moving average is C$0.09 and its 200-day simple moving average is C$0.07. The firm has a market capitalization of C$16.99 million, a PE ratio of -9.75 and a beta of 0.20.

About Hemostemix

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Hemostemix Inc, a clinical stage biotechnology company, develops, manufactures, and commercializes blood-derived stem cell therapies for medical conditions in Canada. Its lead product is ACP-01, an autologous cell therapy, which is in Phase II clinical trial for the treatment of vascular diseases, such as cardiovascular disease, peripheral arterial disease, angina pectoris, and ischemia.

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