Voyageur Pharmaceuticals (CVE:VM) Trading Down 20.8% – What’s Next?

Voyageur Pharmaceuticals Ltd. (CVE:VM)’s share price dropped 20.8% on Wednesday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 696,945 shares changed hands during trading, an increase of 39% from the average daily volume of 500,773 shares. The stock had previously closed at C$0.24.

Voyageur Pharmaceuticals Trading Down 10.0 %

The firm has a market cap of C$25.10 million, a price-to-earnings ratio of -18.00 and a beta of 0.32. The company has a fifty day moving average price of C$0.10 and a 200-day moving average price of C$0.07. The company has a current ratio of 0.17, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21.

About Voyageur Pharmaceuticals

Voyageur Pharmaceuticals Ltd., together with its subsidiaries, engages in the acquiring, exploring, and developing raw materials for pharmaceutical products, primarily in the province of British Columbia, Canada, and the state of Utah. The company develops barium and iodine-based APIs. The company was formerly known as Voyageur Minerals Ltd.