Voyageur Pharmaceuticals (CVE:VM) Shares Up 12.5% – Time to Buy?

Voyageur Pharmaceuticals Ltd. (CVE:VM – Get Free Report) shares were up 12.5% on Tuesday. The stock traded as high as C$0.14 and last traded at C$0.14. 175,000 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 122,825 shares. The stock had previously closed at C$0.12.

Voyageur Pharmaceuticals Stock Up 12.5%

The company has a fifty day simple moving average of C$0.15 and a 200-day simple moving average of C$0.13. The company has a quick ratio of 0.84, a current ratio of 0.23 and a debt-to-equity ratio of 9.80. The firm has a market cap of C$30.56 million, a P/E ratio of -6.75 and a beta of 0.88.

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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