Tilray Brands (TSE:TLRY) Stock Price Up 16.5% - Still a Buy?

Tilray Brands, Inc. (TSE:TLRY - Get Free Report) shares traded up 16.5% during trading on Tuesday . The company traded as high as C$1.07 and last traded at C$1.06. 1,941,640 shares changed hands during trading, an increase of 21% from the average session volume of 1,604,702 shares. The stock had previously closed at C$0.91.

Tilray Brands Trading Up 16.5%

The business has a 50-day moving average price of C$0.63 and a two-hundred day moving average price of C$0.95. The company has a market cap of C$683.03 million, a P/E ratio of -2.56 and a beta of 2.19. The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 10.76.

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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