WeedMD (CVE:WMD) Stock Price Down 1.8% – Here’s Why

WeedMD Inc. (CVE:WMD)’s share price fell 1.8% during trading on Wednesday . The company traded as low as C$0.28 and last traded at C$0.28. 271,436 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 766,591 shares. The stock had previously closed at C$0.28.

WeedMD Stock Down 1.8%

The firm has a fifty day moving average price of C$0.28 and a 200 day moving average price of C$0.27. The company has a quick ratio of 1.46, a current ratio of 3.46 and a debt-to-equity ratio of 95.63. The company has a market cap of C$67.82 million and a P/E ratio of -0.66.

WeedMD Company Profile

WeedMD Inc produces, distributes, and sells medical-grade cannabis in Canada. It offers dried cannabis, cannabis plants and seeds, cannabis oil, edibles, extracts and topicals, and others, as well as cannabis flower products. The company sells its products directly to medical patients and strategic relationships across the seniors' market, as well as through supply agreements with Shoppers Drug Mart and six provincial distribution agencies under the Color Cannabis, Saturday, Starseed, and WeedMD brand names.