MariMed (OTCMKTS:MRMD) Stock Price Up 11.1%

Shares of MariMed Inc. (OTCMKTS:MRMD) rose 11.1% during mid-day trading on Monday . The stock traded as high as $0.19 and last traded at $0.18. Approximately 718,310 shares traded hands during mid-day trading, an increase of 53% from the average daily volume of 470,329 shares. The stock had previously closed at $0.16.

Analyst Ratings Changes

Separately, Ventum Cap Mkts raised shares of MariMed to a “strong-buy” rating in a research note on Thursday, August 8th.

MariMed Stock Performance

The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 0.73. The stock has a market capitalization of $66.06 million, a PE ratio of -4.35 and a beta of 2.80. The firm has a fifty day moving average price of $0.19 and a two-hundred day moving average price of $0.22.

About MariMed

MariMed Inc engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature's Heritage brand; and soft and chewy baked goods and a hot chocolate mix under Bubby's Baked brand; and drink mix under Vibations brand.