Tilray Brands (TSE:TLRY) Shares Up 15.7% - Here's What Happened

Key Points

• Tilray Brands saw a significant stock surge of 15.7%, reaching C$1.90 during trading, with a total volume of 3,601,551 shares traded.
• The company currently holds a market cap of C$1.15 billion and has a PE ratio of -4.33, highlighting its ongoing challenges despite recent growth.
• Tilray primarily operates in the medical and recreational cannabis markets in Canada, along with international markets, and has exposure to the U.S. through various products.

Shares of Tilray Brands, Inc. (TSE:TLRY - ) shot up 15.7% during trading on Monday . The stock traded as high as C$1.90 and last traded at C$1.84. 3,601,551 shares were traded during trading, an increase of 82% from the average session volume of 1,983,986 shares. The stock had previously closed at C$1.59.

Tilray Brands Trading Up 12.6%

The stock has a market cap of C$1.15 billion, a PE ratio of -4.33 and a beta of 2.19. The company has a debt-to-equity ratio of 10.76, a quick ratio of 2.16 and a current ratio of 2.54. The company's 50-day moving average price is C$0.90 and its 200 day moving average price is C$0.85.

Tilray Brands Company Profile

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.

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