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Hemostemix ( (TSE:HEM) ) has issued an update.
Hemostemix Inc. announced the approval of a debt settlement by the TSX Venture Exchange, allowing the company to settle CDN$400,000 of debt by issuing 2,000,000 common shares at $0.20 per share. This move is part of Hemostemix’s strategy to manage its financial obligations without creating a new control person or incurring finder’s fees, potentially strengthening its financial position and market standing.
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. It is recognized for its innovative VesCell (ACP-01) therapy, which targets conditions such as peripheral arterial disease, chronic limb threatening ischemia, and heart-related ailments. The company has a strong foundation in scientific research, having completed seven clinical studies and published results in peer-reviewed journals.
Average Trading Volume: 229,864
Technical Sentiment Signal: Hold
Current Market Cap: C$22.71M
Find detailed analytics on HEM stock on TipRanks’ Stock Analysis page.