Hemostemix (CVE:HEM) Stock Price Up 71.4% – Still a Buy?

Shares of Hemostemix Inc. (CVE:HEMGet Free Report) rose 71.4% during mid-day trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 592,088 shares changed hands during trading, an increase of 516% from the average daily volume of 96,162 shares. The stock had previously closed at C$0.07.

Hemostemix Stock Down 8.3 %

The company has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.07. The company has a market capitalization of C$9.58 million, a price-to-earnings ratio of -5.50 and a beta of 0.20.

Hemostemix Company Profile

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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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