Delta 9 Cannabis (TSE:DN) Stock Price Down 33.3%

Delta 9 Cannabis Inc. (TSE:DN)’s share price traded down 33.3% during mid-day trading on Thursday . The company traded as low as C$0.01 and last traded at C$0.01. 312,100 shares were traded during trading, a decline of 60% from the average session volume of 777,782 shares. The stock had previously closed at C$0.02.

Delta 9 Cannabis Price Performance

The stock has a market capitalization of C$4.58 million, a price-to-earnings ratio of -0.15 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. The business’s 50 day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02.

Delta 9 Cannabis (TSE:DN) last announced its quarterly earnings data on Monday, April 1st. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm 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 27.74%. On average, research analysts forecast 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.