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Tilray Brands (TSE:TLRY) Stock Price Up 7.2% - What's Next?

Tilray Brands logo with Medical background

Tilray Brands, Inc. (TSE:TLRY - Get Free Report)'s stock price shot up 7.2% during mid-day trading on Tuesday . The company traded as high as C$0.76 and last traded at C$0.74. 526,514 shares were traded during mid-day trading, a decline of 67% from the average session volume of 1,582,286 shares. The stock had previously closed at C$0.69.

Tilray Brands Trading Down 7.0%

The stock has a market cap of C$515.49 million, a PE ratio of -1.93 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 stock has a fifty day moving average price of C$0.61 and a 200 day moving average price of C$1.01.

About Tilray Brands

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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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