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TerrAscend (OTCMKTS:TRSSF) Stock Price Down 0.6% - Should You Sell?

TerrAscend logo with Medical background

Key Points

  • TerrAscend Corp. (OTCMKTS:TRSSF) experienced a 0.6% decline in stock price, trading last at $0.79, with a volume increase of 274% compared to its average session.
  • The company focuses on cultivating, processing, and selling medical and adult-use cannabis in North America, and also distributes hemp-derived wellness products.
  • TerrAscend's current ratio stands at 0.73 and its debt-to-equity ratio is 0.55, indicating potential liquidity concerns.
  • Five stocks to consider instead of TerrAscend.

TerrAscend Corp. (OTCMKTS:TRSSF - Get Free Report)'s stock price fell 0.6% on Thursday . The company traded as low as $0.78 and last traded at $0.79. 490,076 shares changed hands during trading, an increase of 274% from the average session volume of 131,026 shares. The stock had previously closed at $0.79.

TerrAscend Price Performance

The business's 50-day simple moving average is $0.74 and its two-hundred day simple moving average is $0.48. The company has a current ratio of 0.73, a quick ratio of 0.40 and a debt-to-equity ratio of 0.55.

About TerrAscend

(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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