Canopy Growth Corp (TSE:WEED - Get Free Report)'s stock price traded up 1.4% during trading on Tuesday . The stock traded as high as C$1.51 and last traded at C$1.48. 1,172,244 shares were traded during trading, a decline of 35% from the average session volume of 1,808,395 shares. The stock had previously closed at C$1.46.
Wall Street Analyst Weigh In
Separately, ATB Capital dropped their price objective on shares of Canopy Growth from C$3.20 to C$1.60 and set an "underperform" rating on the stock in a research note on Tuesday, June 3rd.
Read Our Latest Research Report on WEED
Canopy Growth Trading Up 18.6%
The stock's 50 day moving average price is C$1.69 and its 200-day moving average price is C$1.92. 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 stock has a market capitalization of C$276.69 million, a PE ratio of -0.25, a PEG ratio of -0.01 and a beta of 1.79.
Insider Activity
In related news, Director David Angelo Lazzarato sold 15,701 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of C$1.68, for a total transaction of C$26,307.34. 0.21% of the stock is currently owned by company insiders.
About Canopy Growth
(
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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