Voyageur Pharmaceuticals (CVE:VM) Shares Up 9.1% – Here’s Why

Voyageur Pharmaceuticals Ltd. (CVE:VMGet Free Report) shot up 9.1% on Friday . The company traded as high as C$0.12 and last traded at C$0.12. 835,000 shares traded hands during trading, an increase of 756% from the average session volume of 97,601 shares. The stock had previously closed at C$0.11.

Voyageur Pharmaceuticals Stock Performance

The company has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.13. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.18 and a quick ratio of 0.84. The stock has a market cap of C$23.33 million, a P/E ratio of -13.00 and a beta of 0.78.

About Voyageur Pharmaceuticals

(Get Free Report)

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. and changed its name to Voyageur Pharmaceuticals Ltd. in December 2019. Voyageur Pharmaceuticals Ltd. was founded in 2017 and is headquartered in Calgary, Canada.

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