Delta 9 Cannabis (TSE:DN) Trading Down 16.7%

Delta 9 Cannabis Inc. (TSE:DN) dropped 16.7% during mid-day trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 177,433 shares traded hands during trading, a decline of 76% from the average daily volume of 753,475 shares. The stock had previously closed at C$0.03.

Delta 9 Cannabis Price Performance

The company has a market cap of C$5.23 million, a price-to-earnings ratio of -0.20 and a beta of 1.34. The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The company has a quick ratio of 0.14, a current ratio of 0.40 and a debt-to-equity ratio of 2,156.19.

Delta 9 Cannabis (TSE:DN) last posted its quarterly earnings data on Monday, April 1st. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$17.48 million for the quarter. Delta 9 Cannabis had a negative return on equity of 29,673.63% and a negative net margin of 24.65%. On average, equities research analysts forecast that Delta 9 Cannabis Inc. will post -0.08 EPS for the current fiscal year.

Delta 9 Cannabis Company Profile

Delta 9 Cannabis Inc, together with its subsidiaries, operates as an integrated cannabis company. The company engages in the cultivation, processing, extraction, wholesale distribution, retail, and sale of medical and recreational cannabis products. Its products include dried cannabis flowers, pre-rolls, and dried sift cannabis, as well as oils, and extracted and derivative products.