Emblem (CVE:EMC) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Emblem Corp (CVE:EMC)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.88 and traded as low as $1.84. Emblem shares last traded at $1.88, with a volume of 597,714 shares changing hands.

Emblem Price Performance

The company has a market cap of $245.45 million and a P/E ratio of -9.89. The stock has a 50-day simple moving average of $1.88 and a 200 day simple moving average of $1.88. The company has a debt-to-equity ratio of 30.01, a quick ratio of 3.24 and a current ratio of 3.61.

About Emblem

Emblem Corp. produces, distributes, and sells medical cannabis and cannabis derivatives in Canada. The company also operates medical cannabis education centers to provide education services for making informed decisions about medical cannabis treatment options to physicians and patients. In addition, it provides various accessories. Emblem Corp. has a strategic partnership with GreenSpace Brands to develop and commercialize cannabidiol infused health and beauty products. The company is headquartered in Toronto, Canada.