Charlotte's Web (TSE:CWEB) Shares Up 11.5% - What's Next?

Key Points

• Shares jumped about 11.5% intraday to C$0.87 (intraday high C$0.88) from a prior close of C$0.78, with 136,123 shares traded—about 32% below the average session volume.
• Charlotte's Web, a producer of hemp-based CBD wellness products, has a market cap of C$150.91 million, a negative P/E (-4.95), strong current liquidity (current ratio 3.51, quick ratio 1.41), and its 50-day moving average (C$0.95) sits above the 200-day average (C$0.56).

Charlotte's Web Holdings, Inc. (TSE:CWEB - )'s stock price traded up 11.5% during mid-day trading on Friday . The stock traded as high as C$0.88 and last traded at C$0.87. 136,123 shares were traded during trading, a decline of 32% from the average session volume of 199,063 shares. The stock had previously closed at C$0.78.

Charlotte's Web Stock Up 20.5%

The firm has a market cap of C$150.91 million, a price-to-earnings ratio of -4.95 and a beta of 1.64. The company has a current ratio of 3.51, a quick ratio of 1.41 and a debt-to-equity ratio of -3,161.11. The firm has a 50 day moving average price of C$0.95 and a 200-day moving average price of C$0.56.

Charlotte's Web Company Profile

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.

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