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TerrAscend (OTCMKTS:TRSSF) Trading Up 35.2% - What's Next?

TerrAscend logo with Medical background

Key Points

  • TerrAscend Corp. stock surged 35.2% to $0.75 during trading, significantly higher than its previous close of $0.55.
  • Trading volume reached approximately 3 million shares, a striking increase of 2,215% compared to the average daily volume.
  • The company is involved in the cultivation and sale of medical and adult-use cannabis, along with hemp-derived wellness products and cannabis-infused edibles.
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TerrAscend Corp. (OTCMKTS:TRSSF - Get Free Report)'s share price rose 35.2% during mid-day trading on Tuesday . The stock traded as high as $0.77 and last traded at $0.75. Approximately 3,033,571 shares were traded during trading, an increase of 2,215% from the average daily volume of 131,026 shares. The stock had previously closed at $0.55.

TerrAscend Price Performance

The company has a fifty day moving average price of $0.38 and a 200-day moving average price of $0.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.40 and a current ratio of 0.73.

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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