Alkaline Water (CVE:WTER) Trading Down 0.8% – Here’s What Happened

Alkaline Water Company Inc (CVE:WTER) dropped 0.8% during mid-day trading on Wednesday . The stock traded as low as C$1.26 and last traded at C$1.28. Approximately 6,309 shares were traded during trading, a decline of 60% from the average daily volume of 15,937 shares. The stock had previously closed at C$1.29.

Alkaline Water Stock Performance

The firm has a market capitalization of C$75.50 million and a P/E ratio of -3.79. The company’s 50 day moving average is C$1.28 and its 200-day moving average is C$1.28. The company has a quick ratio of 0.84, a current ratio of 1.33 and a debt-to-equity ratio of 66.88.

About Alkaline Water

The Alkaline Water Company Inc produces, distributes, and markets bottled alkaline water in the United States. It also provides flavored bottled alkaline water. The company offers its products in various volumes under the Alkaline88 and Alkaline88 Flavored names. It sells its products through brokers and distributors to retailers, such as convenience stores, natural food products stores, large ethnic markets, and national retailers. The company was incorporated in 2011 and is headquartered in Scottsdale, Arizona.