Tilray Brands (TSE:TLRY) Stock Price Up 6.5% – Here’s Why

Tilray Brands, Inc. (TSE:TLRY)’s stock price rose 6.5% during trading on Friday . The stock traded as high as C$6.28 and last traded at C$6.27. Approximately 395,750 shares changed hands during trading, a decline of 27% from the average daily volume of 540,553 shares. The stock had previously closed at C$5.89.

Tilray Brands Trading Up 6.5%

The company has a quick ratio of 2.15, a current ratio of 2.21 and a debt-to-equity ratio of 24.68. The stock has a market capitalization of C$774.08 million, a PE ratio of -0.43 and a beta of 3.08. The business’s 50-day moving average is C$6.59 and its two-hundred day moving average is C$8.67.

Tilray Brands Company Profile

Tilray Brands, Inc (‘Tilray’) (Nasdaq: TLRY; TSX: TLRY), is a global lifestyle and consumer packaged goods company at the forefront of beverage, cannabis and wellness industries with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy, wellness and create memorable experiences.