Delta 9 Cannabis (TSE:DN) Shares Up 25%

Delta 9 Cannabis Inc. (TSE:DN)’s share price rose 25% on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 230,000 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 701,415 shares. The stock had previously closed at C$0.02.

Delta 9 Cannabis Price Performance

The company has a debt-to-equity ratio of 2,156.19, a quick ratio of 0.14 and a current ratio of 0.40. The stock has a market cap of C$7.85 million, a PE ratio of -0.30 and a beta of 1.34. The stock’s 50-day moving average is C$0.03 and its two-hundred day moving average is C$0.03.

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 company 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 analysts predict that Delta 9 Cannabis Inc. will post -0.08 earnings per share for the current year.

About Delta 9 Cannabis

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.