Voyageur Pharmaceuticals (CVE:VM) Shares Up 28.6% – Here’s What Happened

Voyageur Pharmaceuticals Ltd. (CVE:VM) shares were up 28.6% during mid-day trading on Wednesday . The company traded as high as C$0.09 and last traded at C$0.09. Approximately 1,415,446 shares changed hands during mid-day trading, an increase of 1,318% from the average daily volume of 99,847 shares. The stock had previously closed at C$0.07.

Voyageur Pharmaceuticals Price Performance

The stock has a market capitalization of C$13.95 million, a PE ratio of -10.00 and a beta of 0.32. The company has a current ratio of 0.17, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The business has a fifty day moving average price of C$0.07 and a 200-day moving average price of C$0.06.

Voyageur Pharmaceuticals Company Profile

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.