Hemostemix (CVE:HEM) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Hemostemix Inc. (CVE:HEMGet Free Report)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.08 and traded as low as C$0.07. Hemostemix shares last traded at C$0.07, with a volume of 8,000 shares changing hands.

Hemostemix Price Performance

The stock has a market capitalization of C$6.10 million, a PE ratio of -3.50 and a beta of 0.20. The company has a 50 day moving average price of C$0.08 and a 200-day moving average price of C$0.07.

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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