Sernova (TSE:SVA) Trading 5% Higher - Here's Why

Sernova Corp. (TSE:SVA - Get Free Report) was up 5% during trading on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 48,100 shares changed hands during trading, a decline of 65% from the average daily volume of 137,715 shares. The stock had previously closed at C$0.20.

Sernova Stock Performance

The company has a current ratio of 0.32, a quick ratio of 18.11 and a debt-to-equity ratio of -4.40. The firm has a market capitalization of C$67.30 million, a price-to-earnings ratio of -1.93 and a beta of 1.35. The stock's 50 day moving average price is C$0.19 and its two-hundred day moving average price is C$0.21.

About Sernova

Sernova Biotherapeutics is a clinical-stage company developing regenerative medicine therapeutics combining its Cell Pouch with human donor cells or stem cells to create a bio-hybrid organ. A bio-hybrid organ refers to a medical device designed to be implanted into the human body, where it integrates with existing living tissue to replicate or enhance the function of a natural organ, essentially aiming to restore normal organ function by combining living cells with non-living materials to mimic the properties of the original organ and seamlessly interact with surrounding tissues.