Auxly Cannabis Group (CVE:XLY) Stock Price Up 5.4% – Should You Buy?

Auxly Cannabis Group Inc. (CVE:XLY)’s share price traded up 5.4% during mid-day trading on Friday . The stock traded as high as C$0.40 and last traded at C$0.39. 1,630,684 shares traded hands during trading, a decline of 27% from the average session volume of 2,248,602 shares. The stock had previously closed at C$0.37.

Auxly Cannabis Group Trading Up 5.4 %

The stock has a market cap of C$289.90 million and a price-to-earnings ratio of -2.10. The business’s 50 day moving average is C$0.39 and its 200 day moving average is C$0.39. The company has a debt-to-equity ratio of 56.23, a current ratio of 1.82 and a quick ratio of 0.63.

About Auxly Cannabis Group

Auxly Cannabis Group Inc operates as a consumer packaged goods company in the cannabis products market in Canada. The company engages in the cultivation of cannabis; and development and distribution of cannabis products. It offers products, such as soft chews, vape cartridges, vape pens, pre-rolled cannabis, chocolates, and cannabis oil spray and oil drops through retail stores under the Kolab Project, Foray, and Dosecan brand names.