Tilray Brands (TSE:TLRY) Shares Up 34.2% - What's Next?

Key Points

• Tilray Brands shares surged by 34.2%, reaching a last trading price of C$2.16.
• Trading volume increased significantly, with approximately 8.17 million shares exchanged, a rise of 256% over the average daily volume.
• The company has a market cap of C$2.44 billion and a high debt-to-equity ratio of 10.76, indicating potential financial risks.

Tilray Brands, Inc. (TSE:TLRY - )'s share price was up 34.2% on Monday . The company traded as high as C$2.22 and last traded at C$2.16. Approximately 8,172,891 shares were traded during trading, an increase of 256% from the average daily volume of 2,296,662 shares. The stock had previously closed at C$1.61.

Tilray Brands Trading Up 35.4%

The stock has a market cap of C$2.44 billion, a PE ratio of -0.89 and a beta of 3.71. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.54 and a quick ratio of 2.16. The stock has a 50-day moving average price of C$1.42 and a two-hundred day moving average price of C$0.95.

About Tilray Brands

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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