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Voyageur Pharmaceuticals (CVE:VM) Shares Up 20% - Here's What Happened

Voyageur Pharmaceuticals logo with Medical background

Voyageur Pharmaceuticals Ltd. (CVE:VM - Get Free Report) shares shot up 20% on Friday . The stock traded as high as C$0.36 and last traded at C$0.33. 756,632 shares traded hands during mid-day trading, an increase of 289% from the average session volume of 194,539 shares. The stock had previously closed at C$0.28.

Voyageur Pharmaceuticals Stock Up 23.6%

The firm's fifty day moving average is C$0.19 and its 200-day moving average is C$0.16. The company has a current ratio of 0.10, a quick ratio of 0.84 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of C$51.52 million, a P/E ratio of -31.80 and a beta of 0.32.

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.

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