Shares of Delta 9 Cannabis Inc (CVE:NINE – Get Free Report) rose 3% during trading on Friday . The stock traded as high as C$1.13 and last traded at C$1.03. Approximately 68,728 shares were traded during trading, a decline of 41% from the average daily volume of 117,300 shares. The stock had previously closed at C$1.00.
Delta 9 Cannabis Stock Performance
The company has a current ratio of 4.44, a quick ratio of 2.04 and a debt-to-equity ratio of 33.00. The firm has a market capitalization of C$89.36 million and a P/E ratio of 19.07. The business’s 50 day simple moving average is C$1.03 and its two-hundred day simple moving average is C$1.03.
Insider Activity at Delta 9 Cannabis
In other Delta 9 Cannabis news, Director John William (John) Arbuthnot Iv sold 1,750,000 shares of Delta 9 Cannabis stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$0.02, for a total value of C$35,000.00.
Delta 9 Cannabis Company Profile
Delta 9 Cannabis Inc operates as an integrated cannabis company. The company, through its subsidiary, Delta 9 Bio-Tech Inc, engages in the production of medical marijuana. It primarily provides cannabis strains, as well as start-up materials and support services, including genetics (plants), grow pods, and consulting services to new and existing licensed producers.
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