Tilray Brands (TSE:TLRY) Trading 3.8% Higher - Here's What Happened

Key Points

• Tilray Brands shares increased by 3.8% on Monday, closing at C$1.62, with trading volume rising by 17% compared to its average.
• The company has a market capitalization of C$1.81 billion and a significant debt-to-equity ratio of 10.76.
• Tilray is a major player in the Canadian cannabis industry, focusing on medical and recreational markets, as well as CBD and beer products in the U.S.

Tilray Brands, Inc. (TSE:TLRY - Get Free Report) shares traded up 3.8% during mid-day trading on Monday . The stock traded as high as C$1.63 and last traded at C$1.62. 2,624,444 shares traded hands during trading, an increase of 17% from the average session volume of 2,250,909 shares. The stock had previously closed at C$1.56.

Tilray Brands Stock Performance

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 firm's 50 day simple moving average is C$1.34 and its 200-day simple moving average is C$0.92. The company has a market cap of C$1.89 billion, a price-to-earnings ratio of -0.69 and a beta of 3.71.

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.