Charlotte’s Web (TSE:CWEB) Stock Price Up 16.9% – Here’s What Happened

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s share price traded up 16.9% during trading on Tuesday . The stock traded as high as C$1.08 and last traded at C$1.04. 112,852 shares changed hands during trading, a decline of 44% from the average session volume of 201,004 shares. The stock had previously closed at C$0.89.

Charlotte’s Web Stock Up 2.0%

The company has a market cap of C$162.61 million, a price-to-earnings ratio of -7.29 and a beta of 1.89. The business has a 50-day simple moving average of C$0.90 and a two-hundred day simple moving average of C$0.49. The company has a quick ratio of 1.41, a current ratio of 3.89 and a debt-to-equity ratio of 678.86.

Charlotte’s Web Company Profile

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.