Voyageur Pharmaceuticals (CVE:VM) Trading Down 31.3% – Should You Sell?

Voyageur Pharmaceuticals Ltd. (CVE:VM)’s share price fell 31.3% during mid-day trading on Wednesday . The company traded as low as C$0.14 and last traded at C$0.17. 1,643,425 shares were traded during trading, an increase of 198% from the average session volume of 550,572 shares. The stock had previously closed at C$0.24.

Voyageur Pharmaceuticals Trading Down 31.3 %

The business has a 50 day moving average of C$0.10 and a two-hundred day moving average 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. The firm has a market cap of C$23.01 million, a P/E ratio of -16.50 and a beta of 0.32.

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.