WeedMD Inc. (CVE:WMD – Get Free Report)’s stock price dropped 1.8% during trading on Thursday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 271,436 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 766,591 shares. The stock had previously closed at C$0.28.
WeedMD Price Performance
The company has a debt-to-equity ratio of 95.63, a current ratio of 3.46 and a quick ratio of 1.46. The stock has a market cap of C$67.82 million and a price-to-earnings ratio of -0.66. The business’s 50-day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.27.
About WeedMD
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.
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