Delta 9 Cannabis Inc. (TSE:DN – Get Free Report) rose 50% on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 1,095,972 shares traded hands during trading, an increase of 40% from the average daily volume of 782,109 shares. The stock had previously closed at C$0.01.
Delta 9 Cannabis Stock Performance
The company has a market capitalization of C$4.58 million, a PE ratio of -0.15 and a beta of 1.34. The company has a current ratio of 0.30, a quick ratio of 0.14 and a debt-to-equity ratio of 2,156.19. The stock has a fifty day moving average of C$0.02 and a two-hundred day moving average of C$0.02.
Delta 9 Cannabis (TSE:DN – Get Free Report) last announced its quarterly earnings data on Monday, April 1st. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$17.48 million for the quarter. Delta 9 Cannabis had a negative net margin of 27.74% and a negative return on equity of 29,673.63%. As a group, sell-side analysts anticipate that Delta 9 Cannabis Inc. will post -0.08 earnings per share for the current fiscal year.
About Delta 9 Cannabis
(Get Free Report)
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.
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