WeedMD Inc. (CVE:WMD – Get Free Report)’s share price dropped 1.8% during mid-day trading on Thursday . The company traded as low as C$0.28 and last traded at C$0.28. Approximately 271,436 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 766,591 shares. The stock had previously closed at C$0.28.
WeedMD Stock Performance
The business’s 50-day moving average price is C$0.28 and its 200-day moving average price is C$0.27. The company has a current ratio of 3.46, a quick ratio of 1.46 and a debt-to-equity ratio of 95.63. The stock has a market cap of C$67.82 million and a PE ratio of -0.66.
About WeedMD
WeedMD Inc produces, distributes, and sells medical-grade cannabis in Canada. It offers dried cannabis, cannabis plants and seeds, cannabis oil, edibles, extracts and topicals, and others, as well as cannabis flower products. The company sells its products directly to medical patients and strategic relationships across the seniors' market, as well as through supply agreements with Shoppers Drug Mart and six provincial distribution agencies under the Color Cannabis, Saturday, Starseed, and WeedMD brand names.
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