ICC Labs (CVE:ICC) Shares Down 5.8% – Should You Sell?

ICC Labs Inc. (CVE:ICC) shares dropped 5.8% on Tuesday. The company traded as low as C$1.60 and last traded at C$1.62. 646,156 shares were traded during trading, a decline of 19% from the average session volume of 799,310 shares. The stock had previously closed at C$1.72.

ICC Labs Trading Down 5.8%

The stock has a market capitalization of C$223.63 million and a price-to-earnings ratio of 95.29. The firm has a 50-day moving average of C$1.62 and a 200-day moving average of C$1.62.

ICC Labs Company Profile

ICC Labs Inc., through its subsidiaries, produces and sells cannabis in Uruguay. It offers recreational cannabis, medicinal cannabis, cannabinoid extracts, and by-products for medicinal, recreational, and industrial use, as well as industrial hemp. The company is headquartered in Vancouver, Canada.