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

Shares of WeedMD Inc. (CVE:WMD) were down 1.8% during trading on Wednesday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 271,436 shares traded hands during trading, a decline of 65% from the average session volume of 766,591 shares. The stock had previously closed at C$0.28.

WeedMD Stock Down 1.8%

The firm has a market capitalization of C$67.82 million and a price-to-earnings ratio of -0.66. The stock has a 50 day moving average of C$0.28 and a 200 day moving average 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.

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.