Charlotte's Web (TSE:CWEB) Trading Down 11% - Should You Sell?

Key Points

• Shares fell 11% to C$0.65 on Tuesday, with ~136,102 shares traded—about 32% below the stock's average daily volume.
• The company has a market cap of C$104.35 million, a negative PE (-3.42) and an extreme negative debt-to-equity ratio (-3,161.11), though liquidity metrics show a quick ratio of 1.41 and a current ratio of 3.51.
• Charlotte's Web produces and distributes hemp-based CBD wellness products including ingestibles, topicals and pet products through e-commerce, distributors, and retailers.

Charlotte's Web Holdings, Inc. (TSE:CWEB - )'s share price was down 11% during mid-day trading on Tuesday . The stock traded as low as C$0.65 and last traded at C$0.65. Approximately 136,102 shares were traded during trading, a decline of 32% from the average daily volume of 199,520 shares. The stock had previously closed at C$0.73.

Charlotte's Web Trading Down 11.0%

The firm has a market capitalization of C$104.35 million, a PE ratio of -3.42 and a beta of 1.64. The company's 50-day moving average price is C$0.92 and its 200-day moving average price is C$0.59. The company has a debt-to-equity ratio of -3,161.11, a quick ratio of 1.41 and a current ratio of 3.51.

About Charlotte's Web

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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