Voyageur Pharmaceuticals (CVE:VM) Trading 50% Higher – Here’s Why

Voyageur Pharmaceuticals Ltd. (CVE:VM)’s stock price rose 50% during trading on Wednesday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 1,942,446 shares traded hands during trading, an increase of 1,795% from the average daily volume of 102,479 shares. The stock had previously closed at C$0.07.

Voyageur Pharmaceuticals Trading Up 50.0 %

The stock has a market cap of C$14.64 million, a PE ratio of -10.50 and a beta of 0.32. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.84 and a current ratio of 0.17. The company has a 50 day moving average of C$0.07 and a two-hundred day moving average of C$0.06.

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.