WeedMD (CVE:WMD) Stock Price Down 1.8% – Here’s Why

WeedMD Inc. (CVE:WMD) was down 1.8% during mid-day trading on Wednesday . The company traded as low as C$0.28 and last traded at C$0.28. Approximately 271,436 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 766,591 shares. The stock had previously closed at C$0.28.

WeedMD Stock Performance

The company has a market capitalization of C$67.82 million and a price-to-earnings ratio of -0.66. The stock has a 50 day simple moving average of C$0.28 and a 200 day simple moving average of C$0.27. The company has a quick ratio of 1.46, a current ratio of 3.46 and a debt-to-equity ratio of 95.63.

WeedMD Company Profile

WeedMD Inc produces, distributes, and sells medical-grade cannabis in Canada. It offers dried cannabis, cannabis plants and seeds, cannabis oil, edibles, extracts and topicals, and others, as well as cannabis flower products. The company sells its products directly to medical patients and strategic relationships across the seniors' market, as well as through supply agreements with Shoppers Drug Mart and six provincial distribution agencies under the Color Cannabis, Saturday, Starseed, and WeedMD brand names.