SugarBud Craft Growers (CVE:SUGR) Shares Down 2.2% - Should You Sell?

Key Points

• SugarBud Craft Growers Corp. shares fell by 2.2% to C$12.00, with trading volume significantly increasing by 272% over the average.
• The company has a market capitalization of C$285.78 million and a PE ratio of 21.04.
• SugarBud is involved in the development, production, and sale of various cannabis products across Canada.

SugarBud Craft Growers Corp. (CVE:SUGR - )'s stock price dropped 2.2% during trading on Friday . The stock traded as low as C$11.95 and last traded at C$12.00. Approximately 2,889 shares changed hands during mid-day trading, an increase of 272% from the average daily volume of 777 shares. The stock had previously closed at C$12.27.

SugarBud Craft Growers Price Performance

The firm has a 50 day moving average price of C$13.18 and a 200 day moving average price of C$12.72. The stock has a market capitalization of C$285.78 million, a PE ratio of 21.04 and a beta of 2.77. The company has a current ratio of 1.48, a quick ratio of 0.03 and a debt-to-equity ratio of 157.27.

About SugarBud Craft Growers

SugarBud Craft Growers Corp. engages in the development, production, distribution, and sale of cannabis products in Canada. It offers cannabis extract, edible, and topical products through distributors and retailers, as well as to registered medical patients through CannMart.com. The company was formerly known as Relentless Resources Ltd.

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