TerrAscend (OTCMKTS:TSNDF) Trading 4% Higher - What's Next?

Key Points

• Shares rose ~4% to $0.65 on Monday with about 417,866 shares traded, roughly 14% above the average session volume.
• Zacks upgraded TerrAscend from "strong sell" to "hold" and the Street shows two Strong Buy ratings and one Hold, giving an overall average rating of "Buy."
• Key fundamentals: market capitalization of $200.54M, a negative P/E (-1.59) indicating losses, and a high debt-to-equity ratio (2.42), with 50‑day and 200‑day moving averages at $0.65 and $0.69 respectively.

TerrAscend Corp. (OTCMKTS:TSNDF - Get Free Report)'s share price traded up 4% during trading on Monday . The stock traded as high as $0.65 and last traded at $0.65. 417,866 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 366,747 shares. The stock had previously closed at $0.6250.

Analysts Set New Price Targets

Separately, Zacks Research raised TerrAscend from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy".

TerrAscend Stock Performance

The stock has a market capitalization of $200.54 million, a P/E ratio of -1.59 and a beta of 1.36. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 2.42. The business has a fifty day moving average price of $0.65 and a 200-day moving average price of $0.69.

TerrAscend Company Profile

TerrAscend is a vertically integrated cannabis company that operates across cultivation, processing and retailing in North America. The company's business model spans seed-to-sale activities, enabling it to manage quality control, production efficiency and product innovation from its growing facilities through to its distribution networks. TerrAscend serves both adult-use and medical cannabis markets, offering a full suite of cannabis derivatives including dried flower, concentrates, vapes, edibles, tinctures and topicals.

Geographically, TerrAscend maintains operations in key regulated markets.

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