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Canopy Growth (TSE:WEED) Shares Up 4.1% - Should You Buy?

Canopy Growth logo with Medical background

Key Points

  • Canopy Growth Corp's stock rose by 4.1%, trading at C$2.04 after reaching a high of C$2.12 in mid-day trading.
  • The company has a market capitalization of C$636.46 million and reported a significant increase in trading volume, up by 226% from its average.
  • Canopy Growth specializes in the production and sale of medical cannabis in Canada, offering a variety of products under multiple brand names.
  • Interested in Canopy Growth? Here are five stocks we like better.

Canopy Growth Corp (TSE:WEED - Get Free Report)'s stock price shot up 4.1% during mid-day trading on Tuesday . The company traded as high as C$2.12 and last traded at C$2.04. 8,804,586 shares were traded during trading, an increase of 226% from the average session volume of 2,703,374 shares. The stock had previously closed at C$1.96.

Canopy Growth Trading Up 4.1%

The company has a market cap of C$636.46 million, a P/E ratio of -0.49, a PEG ratio of -0.01 and a beta of 2.63. The business has a fifty day moving average price of C$1.91 and a 200-day moving average price of C$1.81. The company has a quick ratio of 2.32, a current ratio of 1.39 and a debt-to-equity ratio of 120.38.

Canopy Growth Company Profile

(Get Free Report)

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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