Delta 9 Cannabis (TSE:DN) Stock Price Down 16.7%

Delta 9 Cannabis Inc. (TSE:DN)’s stock price was down 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 were traded 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 debt-to-equity ratio of 2,156.19, a quick ratio of 0.14 and a current ratio of 0.40. The firm has a market cap of C$7.85 million, a PE ratio of -0.30 and a beta of 1.34. The company’s 50-day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03.

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