Delta 9 Cannabis (CVE:NINE) Trading 3% Higher – Still a Buy?

Shares of Delta 9 Cannabis Inc (CVE:NINE) rose 3% during 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 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 Price Performance

The company has a quick ratio of 2.04, a current ratio of 4.44 and a debt-to-equity ratio of 33.00. The firm has a market capitalization of C$89.36 million and a PE ratio of 19.07. The firm’s fifty day simple moving average is C$1.03 and its 200-day simple moving average is C$1.03.

About Delta 9 Cannabis

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.