Delta 9 Cannabis Inc (CVE:NINE – Get Free Report) rose 3% during mid-day trading on Wednesday. The stock traded as high as C$1.13 and last traded at C$1.03. Approximately 68,728 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 117,300 shares. The stock had previously closed at C$1.00.
Delta 9 Cannabis Stock Performance
The company has a current ratio of 4.44, a quick ratio of 2.04 and a debt-to-equity ratio of 33.00. The firm’s 50-day moving average is C$1.03 and its two-hundred day moving average is C$1.03. The stock has a market cap of C$89.36 million and a price-to-earnings ratio of 19.07.
Delta 9 Cannabis Company Profile
Delta 9 Cannabis Inc operates as an integrated cannabis company. The company, through its subsidiary, Delta 9 Bio-Tech Inc, engages in the production of medical marijuana. It primarily provides cannabis strains, as well as start-up materials and support services, including genetics (plants), grow pods, and consulting services to new and existing licensed producers. It also owns and operates retail cannabis store in Winnipeg, Manitoba, as well as cannabis superstore in Brandon, Manitoba. The company operates its retail stores under the Delta 9 Cannabis Store brand name.
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