WeedMD (CVE:WMD) Stock Price Down 1.8% – Here’s Why
by Sarita Garza · The Markets DailyShares of WeedMD Inc. (CVE:WMD – Get Free Report) traded down 1.8% during mid-day trading on Wednesday . The company traded as low as C$0.28 and last traded at C$0.28. Approximately 271,436 shares changed hands during trading, a decline of 65% from the average session volume of 766,591 shares. The stock had previously closed at C$0.28.
WeedMD Stock Down 1.8%
The company has a quick ratio of 1.46, a current ratio of 3.46 and a debt-to-equity ratio of 95.63. The stock’s fifty day moving average price is C$0.28 and its 200-day moving average price is C$0.27. The company has a market capitalization of C$67.82 million and a price-to-earnings ratio of -0.66.
WeedMD Company Profile
WeedMD Inc produces, distributes, and sells medical-grade cannabis in Canada. It offers dried cannabis, cannabis plants and seeds, cannabis oil, edibles, extracts and topicals, and others, as well as cannabis flower products. The company sells its products directly to medical patients and strategic relationships across the seniors' market, as well as through supply agreements with Shoppers Drug Mart and six provincial distribution agencies under the Color Cannabis, Saturday, Starseed, and WeedMD brand names.