SugarBud Craft Growers (CVE:SUGR) Shares Up 1.4% – Here’s What Happened

SugarBud Craft Growers Corp. (CVE:SUGR – Get Free Report) shares shot up 1.4% during trading on Tuesday. The stock traded as high as C$10.15 and last traded at C$10.15. 5,500 shares traded hands during mid-day trading, an increase of 198% from the average session volume of 1,847 shares. The stock had previously closed at C$10.01.

SugarBud Craft Growers Trading Up 1.4%

The company has a quick ratio of 0.03, a current ratio of 1.48 and a debt-to-equity ratio of 157.27. The firm’s 50 day moving average is C$9.68 and its two-hundred day moving average is C$10.75. The stock has a market cap of C$244.38 million, a price-to-earnings ratio of 6.10 and a beta of 0.20.

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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