Devonian Health Group (CVE:GSD) Shares Down 1.6% – Here’s What Happened

Devonian Health Group Inc. (CVE:GSDGet Free Report)’s share price dropped 1.6% during mid-day trading on Thursday . The stock traded as low as C$8.01 and last traded at C$8.01. Approximately 1,419 shares traded hands during trading, an increase of 17% from the average daily volume of 1,212 shares. The stock had previously closed at C$8.14.

Devonian Health Group Trading Down 1.6%

The company has a 50 day moving average of C$10.67 and a 200 day moving average of C$11.40. The firm has a market cap of C$22.28 million, a P/E ratio of -2.31 and a beta of 0.46. The company has a debt-to-equity ratio of 16.36, a quick ratio of 7.82 and a current ratio of 1.07.

Devonian Health Group Company Profile

(Get Free Report)

Devonian Health Group Inc engages in the development of botanical drugs. Its lead product candidate is Thykamine, completed Phase IIa clinical trial product for the treatment of ulcerative colitis and atopic dermatitis. The company also develops Pantoprazole Magnesium for the treatment of gastric; Cleo-35 for the treatment of hormonal acne in women; and value-added products for dermo-cosmetics. In addition, the company acquires drug and health product licenses; and distributes pharmaceutical products.

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