Voyageur Pharmaceuticals (CVE:VM) Shares Up 50% – What’s Next?

Voyageur Pharmaceuticals Ltd. (CVE:VM) shares were up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 1,942,446 shares were traded during mid-day 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 Price Performance

The firm has a market capitalization of C$13.95 million, a P/E ratio of -10.00 and a beta of 0.32. The business’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is C$0.06. The company has a quick ratio of 0.84, a current ratio of 0.17 and a debt-to-equity ratio of 3.21.

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.