Hemostemix (CVE:HEM) Sets New 1-Year High – Should You Buy?

Shares of Hemostemix Inc. (CVE:HEMGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$0.10 and last traded at C$0.08, with a volume of 155000 shares changing hands. The stock had previously closed at C$0.09.

Hemostemix Stock Up 6.3 %

The firm’s 50 day simple moving average is C$0.09 and its 200-day simple moving average is C$0.06. The company has a market capitalization of C$7.41 million, a PE ratio of -4.25 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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