Hemogenyx Pharmaceuticals (LON:HEMO) Stock Price Up 11.8% – Time to Buy?

Hemogenyx Pharmaceuticals Plc (LON:HEMO) was up 11.8% on Thursday . The company traded as high as GBX 1.34 ($0.02) and last traded at GBX 1.33 ($0.02). Approximately 6,113,233 shares traded hands during trading, a decline of 33% from the average daily volume of 9,128,820 shares. The stock had previously closed at GBX 1.19 ($0.02).

Hemogenyx Pharmaceuticals Stock Performance

The business has a 50-day moving average of GBX 1.39 and a two-hundred day moving average of GBX 1.42. The company has a debt-to-equity ratio of 92.09, a current ratio of 4.38 and a quick ratio of 6.72. The company has a market cap of £17.82 million, a P/E ratio of -119.00 and a beta of 3.14.

About Hemogenyx Pharmaceuticals

Hemogenyx Pharmaceuticals Plc, a preclinical-stage biotechnology company, focuses on the discovery, development, and commercialization of therapies and treatments for blood diseases. It is involved in developing products for bone marrow/hematopoietic stem cell (BM/HSC) transplant market, including CDX bi-specific antibody targeting relapsed/refractory acute myeloid leukaemia (R/R AML); HEMO-CAR-T therapy, a chimeric antigen receptor T-cells to identify and destroy human AML-derived cells in vitro and in vivo; and Human Postnatal Hematopoietic Endothelial Cells, a stem cell therapy product for BM/HSC transplants.