TerrAscend (OTCMKTS:TRSSF) Stock Price Down 6.5% - Here's Why

Key Points

• TerrAscend Corp. experienced a significant drop in stock price, falling by 6.5% to a trading value of $0.80 during mid-day trading.
• The stock saw a notable increase in trading volume, with 442,276 shares changing hands, which is a 238% rise from its average session volume.
• TerrAscend is involved in the cannabis industry, cultivating and selling medical and adult use cannabis in Canada and the United States, and operates retail dispensaries under the Apothecarium brand.

TerrAscend Corp. (OTCMKTS:TRSSF - )'s stock price fell 6.5% during mid-day trading on Friday . The stock traded as low as $0.80 and last traded at $0.80. 442,276 shares changed hands during trading, an increase of 238% from the average session volume of 131,026 shares. The stock had previously closed at $0.86.

TerrAscend Price Performance

The business has a 50-day simple moving average of $0.86 and a 200 day simple moving average of $0.52. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.40.

About TerrAscend

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.