Free Trial

SugarBud Craft Growers (CVE:SUGR) Stock Price Down 3% - What's Next?

SugarBud Craft Growers logo with Medical background

Key Points

  • SugarBud Craft Growers Corp. (CVE:SUGR) shares dropped 3% during mid-day trading on Thursday, closing at C$13.00 after trading as low as C$13.00.
  • Trading volume increased significantly to approximately 2,300 shares, which is a 215% rise from its average daily volume of 731 shares.
  • The company's current financial metrics include a debt-to-equity ratio of 157.27 and a market capitalization of C$309.60 million.
  • MarketBeat previews the top five stocks to own by October 1st.

SugarBud Craft Growers Corp. (CVE:SUGR - Get Free Report)'s share price dropped 3% during mid-day trading on Thursday . The stock traded as low as C$13.00 and last traded at C$13.00. Approximately 2,300 shares changed hands during mid-day trading, an increase of 215% from the average daily volume of 731 shares. The stock had previously closed at C$13.40.

SugarBud Craft Growers Stock Performance

The stock has a market capitalization of C$327.93 million, a P/E ratio of 24.15 and a beta of 2.77. The firm has a 50-day moving average of C$13.26 and a 200 day moving average of C$12.63. The company has a quick ratio of 0.03, a current ratio of 1.48 and a debt-to-equity ratio of 157.27.

SugarBud Craft Growers Company Profile

(Get Free Report)

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.

Featured Articles

Should You Invest $1,000 in SugarBud Craft Growers Right Now?

Before you consider SugarBud Craft Growers, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SugarBud Craft Growers wasn't on the list.

While SugarBud Craft Growers currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.