WeedMD (CVE:WMD) Stock Price Down 1.8% – Here’s What Happened

WeedMD Inc. (CVE:WMD) was down 1.8% on Monday . The company traded as low as C$0.28 and last traded at C$0.28. Approximately 271,436 shares traded hands during trading, a decline of 65% from the average daily volume of 766,591 shares. The stock had previously closed at C$0.28.

WeedMD Stock Performance

The firm has a market cap of C$67.82 million and a P/E ratio of -0.66. The business’s fifty day simple moving average is C$0.28 and its 200-day simple moving average is C$0.27. The company has a current ratio of 3.46, a quick ratio of 1.46 and a debt-to-equity ratio of 95.63.

WeedMD Company Profile

WeedMD Inc produces, distributes, and sells medical-grade cannabis in Canada. It offers dried cannabis, cannabis plants and seeds, cannabis oil, edibles, extracts and topicals, and others, as well as cannabis flower products. The company sells its products directly to medical patients and strategic relationships across the seniors' market, as well as through supply agreements with Shoppers Drug Mart and six provincial distribution agencies under the Color Cannabis, Saturday, Starseed, and WeedMD brand names.