MediPharm Labs (TSE:LABS) Reaches New 52-Week Low – What’s Next?

MediPharm Labs Corp. (TSE:LABSGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.07, with a volume of 93395 shares trading hands. The stock had previously closed at C$0.06.

MediPharm Labs Trading Up 8.3 %

The company has a debt-to-equity ratio of 5.90, a quick ratio of 3.10 and a current ratio of 3.11. The firm has a market capitalization of C$26.72 million, a price-to-earnings ratio of -1.63 and a beta of 0.88. The business has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.07.

About MediPharm Labs

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MediPharm Labs Corp., a pharmaceutical company, produces and sells pharmaceutical-quality cannabis oil and concentrates, and advanced derivative products in Canada and internationally. The company formulates, processes, packages, and distributes cannabis extracts and advanced cannabinoid-based products.

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