Canopy Growth Corp (TSE:WEED - Get Free Report)'s share price dropped 6.3% during trading on Tuesday . The company traded as low as C$1.48 and last traded at C$1.50. Approximately 1,915,596 shares traded hands during trading, an increase of 6% from the average daily volume of 1,805,645 shares. The stock had previously closed at C$1.60.
Analysts Set New Price Targets
Separately, ATB Capital decreased their target price on Canopy Growth from C$3.20 to C$1.60 and set an "underperform" rating for the company in a report on Tuesday, June 3rd.
Check Out Our Latest Stock Report on Canopy Growth
Canopy Growth Stock Performance
The business has a fifty day simple moving average of C$1.93 and a 200-day simple moving average of C$2.16. The company has a quick ratio of 2.32, a current ratio of 1.39 and a debt-to-equity ratio of 120.38. The firm has a market cap of C$239.69 million, a P/E ratio of -0.22, a P/E/G ratio of -0.01 and a beta of 1.79.
Insider Transactions at Canopy Growth
In other Canopy Growth news, Director David Angelo Lazzarato sold 15,701 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of C$1.68, for a total value of C$26,307.34. Company insiders own 0.21% of the company's stock.
About Canopy Growth
(
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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.
Further Reading
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