Cronos Group Inc. (TSE:CRON - Get Free Report) shares rose 4.6% on Wednesday . The stock traded as high as C$2.73 and last traded at C$2.73. Approximately 148,526 shares changed hands during trading, a decline of 24% from the average daily volume of 195,231 shares. The stock had previously closed at C$2.61.
Cronos Group Stock Up 4.6%
The business has a 50-day simple moving average of C$2.69 and a two-hundred day simple moving average of C$2.70. The company has a market cap of C$720.90 million, a price-to-earnings ratio of -15.19, a PEG ratio of 0.12 and a beta of 1.02. The company has a quick ratio of 24.01, a current ratio of 24.24 and a debt-to-equity ratio of 0.17.
Cronos Group Company Profile
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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.
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