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Hemostemix ( (TSE:HEM) ) has shared an announcement.
Hemostemix Inc., a leader in autologous stem cell therapy, announced a non-brokered private placement of $280,594 at $0.125 per share, subject to TSX Venture Exchange approval. The proceeds will support general working capital and business development, with no undisclosed material changes affecting the company. This move is expected to bolster Hemostemix’s operational capabilities and reinforce its position in the stem cell therapy market.
Spark’s Take on TSE:HEM Stock
According to Spark, TipRanks’ AI Analyst, TSE:HEM is a Neutral.
Hemostemix’s stock is primarily hindered by its poor financial performance, characterized by no revenue and high leverage. The technical analysis points to positive momentum, but valuation concerns due to negative earnings are significant. The absence of earnings call data and impactful corporate events limits further insights.
To see Spark’s full report on TSE:HEM stock, click here.
More about Hemostemix
Hemostemix is an autologous stem cell therapy platform company, founded in 2003, known for its patented VesCell (ACP-01) therapy. The company focuses on treating conditions such as peripheral arterial disease, chronic limb threatening ischemia, and cardiomyopathy, and has completed several clinical studies demonstrating the efficacy and safety of its treatments.
Average Trading Volume: 226,522
Technical Sentiment Signal: Sell
Current Market Cap: C$19.08M
For a thorough assessment of HEM stock, go to TipRanks’ Stock Analysis page.