Voyageur Pharmaceuticals (CVE:VM) Shares Up 47.4% – Here’s Why

Voyageur Pharmaceuticals Ltd. (CVE:VM)’s stock price traded up 47.4% during mid-day trading on Saturday . The stock traded as high as C$0.14 and last traded at C$0.14. 1,312,210 shares traded hands during mid-day trading, an increase of 427% from the average session volume of 249,010 shares. The stock had previously closed at C$0.10.

Voyageur Pharmaceuticals Price Performance

The firm has a market capitalization of C$19.53 million, a P/E ratio of -14.00 and a beta of 0.32. The firm has a 50 day moving average price of C$0.08 and a 200-day moving average price of C$0.06. The company has a current ratio of 0.17, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21.

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.