SugarBud Craft Growers (CVE:SUGR) Shares Down 5% – Here’s What Happened

SugarBud Craft Growers Corp. (CVE:SUGRGet Free Report) was down 5% during trading on Friday . The stock traded as low as C$10.50 and last traded at C$10.50. Approximately 321 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,394 shares. The stock had previously closed at C$11.05.

SugarBud Craft Growers Stock Down 5.0%

The company has a market capitalization of C$252.81 million, a P/E ratio of 6.32 and a beta of 2.77. The company has a current ratio of 1.48, a quick ratio of 0.03 and a debt-to-equity ratio of 157.27. The stock’s fifty day moving average is C$10.14 and its 200 day moving average is C$11.19.

About SugarBud Craft Growers

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SugarBud Craft Growers Corp. engages in the development, production, distribution, and sale of cannabis products in Canada. It offers cannabis extract, edible, and topical products through distributors and retailers, as well as to registered medical patients through CannMart.com. The company was formerly known as Relentless Resources Ltd. and changed its name to SugarBud Craft Growers Corp. in October 2018. SugarBud Craft Growers Corp. is headquartered in Calgary, Canada.

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