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TerrAscend (OTCMKTS:TRSSF) Stock Price Down 17.7% - What's Next?

TerrAscend logo with Medical background

Key Points

  • TerrAscend Corp. shares experienced a significant drop of 17.7%, trading as low as $0.91 and last at $0.95 during mid-day trading on Wednesday.
  • The trading volume surged to approximately 798,144 shares, a 509% increase from its average daily volume of 131,026 shares.
  • TerrAscend operates in the cannabis sector, cultivating and selling both medical and adult-use cannabis, and runs retail dispensaries under the Apothecarium brand in multiple states.
  • Interested in TerrAscend? Here are five stocks we like better.

TerrAscend Corp. (OTCMKTS:TRSSF - Get Free Report)'s stock price was down 17.7% during trading on Wednesday . The stock traded as low as $0.91 and last traded at $0.95. Approximately 798,144 shares were traded during mid-day trading, an increase of 509% from the average daily volume of 131,026 shares. The stock had previously closed at $1.15.

TerrAscend Stock Up 13.1%

The firm's 50-day moving average price is $0.60 and its 200 day moving average price is $0.45. The company has a quick ratio of 0.40, a current ratio of 0.73 and a debt-to-equity ratio of 0.55.

TerrAscend Company Profile

(Get Free Report)

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. It also operates retail dispensaries under the Apothecarium brand name in California, Pennsylvania, and New Jersey.

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