Delta 9 Cannabis (TSE:DN) Stock Price Down 20%

Delta 9 Cannabis Inc. (TSE:DN) dropped 20% during trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 190,786 shares traded hands during trading, a decline of 73% from the average daily volume of 703,288 shares. The stock had previously closed at C$0.03.

Delta 9 Cannabis Stock Up 50.0 %

The firm has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.03. The company has a debt-to-equity ratio of 2,156.19, a current ratio of 0.50 and a quick ratio of 0.14. The stock has a market capitalization of C$6.25 million, a price-to-earnings ratio of -0.20 and a beta of 0.93.

Delta 9 Cannabis (TSE:DN) last issued its quarterly earnings results on Monday, April 1st. The company reported C($0.02) EPS for the quarter. Delta 9 Cannabis had a negative net margin of 31.06% and a negative return on equity of 256.71%. The company had revenue of C$17.48 million for the quarter. As a group, sell-side analysts forecast that Delta 9 Cannabis Inc. will post -0.08 earnings per share for the current fiscal year.

Delta 9 Cannabis Company Profile

Delta 9 Cannabis Inc, together with its subsidiaries, operates as an integrated cannabis company. The company engages in the cultivation, processing, extraction, wholesale distribution, retail, and sale of medical and recreational cannabis products. Its products include dried cannabis flowers, pre-rolls, and dried sift cannabis, as well as oils, and extracted and derivative products.