SugarBud Craft Growers (CVE:SUGR) Shares Down 2.5% - What's Next?

Key Points

• Shares of SugarBud Craft Growers fell 2.5% to C$11.50 on Tuesday with about 200 shares traded, roughly 39% below average volume.
• The company has a market capitalization of C$275.8M and a PE ratio of 12.99, but carries a high debt-to-equity of 157.27 and weak near-term liquidity (quick ratio 0.03).
• SugarBud is a Calgary-based Canadian cannabis producer offering extracts, edibles and topicals and serving medical patients through CannMart.com.

SugarBud Craft Growers Corp. (CVE:SUGR - ) was down 2.5% on Tuesday . The company traded as low as C$11.50 and last traded at C$11.50. Approximately 200 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 328 shares. The stock had previously closed at C$11.80.

SugarBud Craft Growers Trading Down 2.5%

The firm has a market capitalization of C$275.84 million, a PE ratio of 12.99 and a beta of 2.77. The company has a debt-to-equity ratio of 157.27, a current ratio of 1.48 and a quick ratio of 0.03. The company has a fifty day moving average of C$11.60 and a 200-day moving average of C$11.99.

SugarBud Craft Growers Company Profile

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. and changed its name to SugarBud Craft Growers Corp. in October 2018. SugarBud Craft Growers Corp. is headquartered in Calgary, Canada.

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