Delta 9 Cannabis (TSE:DN) Trading Up 50%

Shares of Delta 9 Cannabis Inc. (TSE:DN) shot up 50% on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 1,095,972 shares were traded during trading, an increase of 40% from the average session volume of 782,109 shares. The stock had previously closed at C$0.01.

Delta 9 Cannabis Stock Up 50.0 %

The firm has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The stock has a market capitalization of C$4.58 million, a price-to-earnings ratio of -0.10 and a beta of 1.34. The company has a quick ratio of 0.14, a current ratio of 0.30 and a debt-to-equity ratio of 2,156.19.

Delta 9 Cannabis (TSE:DN) last posted its quarterly earnings results on Monday, April 1st. The company reported C($0.02) earnings per share (EPS) for the quarter. Delta 9 Cannabis had a negative return on equity of 29,673.63% and a negative net margin of 27.74%. The company had revenue of C$17.48 million during the quarter. As a group, sell-side analysts anticipate 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.