Sernova (TSE:SVA) Shares Down 1.5%

Sernova Corp. (TSE:SVA) shares were down 1.5% during trading on Thursday . The stock traded as low as C$0.32 and last traded at C$0.34. Approximately 182,500 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 156,507 shares. The stock had previously closed at C$0.34.

Analysts Set New Price Targets

Separately, Raymond James set a C$1.50 price objective on Sernova and gave the company a “market perform” rating in a research report on Thursday, April 4th.

Sernova Trading Down 1.5 %

The company’s fifty day simple moving average is C$0.35 and its 200-day simple moving average is C$0.51. The firm has a market capitalization of C$101.64 million, a PE ratio of -2.58 and a beta of 1.53. The company has a debt-to-equity ratio of 16.55, a current ratio of 1.20 and a quick ratio of 18.11.

About Sernova

Sernova Corp. operates as a clinical-stage regenerative medicine therapeutics company in Canada. The company focuses on the development and commercialization of regenerative medicine therapeutics, including its proprietary Cell Pouch and associated technologies consisting of therapeutic cells and local cellular immune protection.