Cronos Group (TSE:CRON) Shares Down 3.4% - Time to Sell?

Cronos Group Inc. (TSE:CRON - Get Free Report)'s share price traded down 3.4% during mid-day trading on Tuesday . The stock traded as low as C$2.28 and last traded at C$2.29. 272,941 shares traded hands during trading, an increase of 2% from the average session volume of 267,955 shares. The stock had previously closed at C$2.37.

Cronos Group Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 24.24 and a quick ratio of 24.01. The stock has a market capitalization of C$641.68 million, a P/E ratio of -13.52, a PEG ratio of 0.12 and a beta of 1.02. The company's 50 day simple moving average is C$2.67 and its two-hundred day simple moving average is C$2.81.

Cronos Group Company Profile

Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia, and Australia to drive further international cultivation and distribution growth.