Canopy Growth Corp (TSE:WEED – Get Free Report) Director David Angelo Lazzarato sold 3,006 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$3.84, for a total value of C$11,557.47.
Canopy Growth Stock Down 6.8 %
WEED stock opened at C$3.85 on Thursday. The stock’s 50 day moving average is C$5.03 and its 200-day moving average is C$6.92. Canopy Growth Corp has a twelve month low of C$3.74 and a twelve month high of C$20.50. The firm has a market capitalization of C$326.71 million, a PE ratio of -0.49, a P/E/G ratio of -0.01 and a beta of 1.79. The company has a quick ratio of 2.32, a current ratio of 2.15 and a debt-to-equity ratio of 117.00.
Analyst Ratings Changes
Separately, ATB Capital downgraded shares of Canopy Growth from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from C$6.00 to C$4.00 in a research report on Tuesday, December 17th.
Canopy Growth Company Profile
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.
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