Auxly Cannabis Group (TSE:XLY) Trading 42.9% Higher

Shares of Auxly Cannabis Group Inc. (TSE:XLYGet Rating) traded up 42.9% during trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 3,509,313 shares traded hands during mid-day trading, an increase of 186% from the average session volume of 1,226,044 shares. The stock had previously closed at C$0.02.

Analysts Set New Price Targets

A number of equities analysts have issued reports on XLY shares. ATB Capital decreased their price objective on Auxly Cannabis Group to C$0.07 and set a “sector perform” rating for the company in a report on Tuesday, November 15th. Atb Cap Markets downgraded Auxly Cannabis Group from an “outperform” rating to a “sector perform” rating in a report on Monday, November 14th.

Auxly Cannabis Group Price Performance

The company has a quick ratio of 0.40, a current ratio of 1.15 and a debt-to-equity ratio of 191.40. The firm has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.07. The stock has a market capitalization of C$22.83 million and a P/E ratio of -0.23.

About Auxly Cannabis Group

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Auxly Cannabis Group Inc operates as a consumer-packaged goods company in the cannabis products market in Canada. The company focuses on developing, manufacturing, and distributing cannabis products for wellness and recreational consumers. It offers cannabis products under various forms, including vape catridges, dried flower, concentrates, chocolates, soft chews, oil drops, capsules, topicals, and hard candy under the brands KOLAB PROJECT, Dosecann, BACK FORTY, and Foray.

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