Shares of Canopy Growth Corp (TSE:WEED) were up 4.6% during trading on Thursday . The stock traded as high as C$47.19 and last traded at C$46.54. Approximately 1,238,032 shares were traded during trading, a decline of 45% from the average daily volume of 2,269,786 shares. The stock had previously closed at C$44.50.
Separately, Benchmark restated a “buy” rating and set a C$100.00 price objective on shares of Canopy Growth in a research report on Tuesday, September 25th.
The company has a debt-to-equity ratio of 49.44, a current ratio of 0.65 and a quick ratio of 0.44.COPYRIGHT VIOLATION NOTICE: “Canopy Growth (WEED) Trading Up 4.6%” was originally reported by PressOracle and is owned by of PressOracle. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://pressoracle.com/news/2019/01/12/canopy-growth-weed-trading-up-4-6.html.
Canopy Growth Company Profile (TSE:WEED)
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names.
Further Reading: How Do You Calculate Return on Investment (ROI)?
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