SugarBud Craft Growers (CVE:SUGR) Trading Up 2.2% – Time to Buy?

SugarBud Craft Growers Corp. (CVE:SUGRGet Free Report)’s stock price was up 2.2% during mid-day trading on Thursday . The stock traded as high as C$12.25 and last traded at C$12.25. Approximately 300 shares changed hands during trading, a decline of 25% from the average daily volume of 401 shares. The stock had previously closed at C$11.99.

SugarBud Craft Growers Stock Down 2.1%

The company has a fifty day simple moving average of C$12.20 and a 200-day simple moving average of C$12.00. The company has a quick ratio of 0.03, a current ratio of 1.48 and a debt-to-equity ratio of 157.27. The firm has a market cap of C$288.59 million, a P/E ratio of 8.57 and a beta of 2.77.

About SugarBud Craft Growers

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SugarBud Craft Growers Corp. engages in the development, production, distribution, and sale of cannabis products in Canada. It offers cannabis extract, edible, and topical products through distributors and retailers, as well as to registered medical patients through CannMart.com. The company was formerly known as Relentless Resources Ltd. and changed its name to SugarBud Craft Growers Corp. in October 2018. SugarBud Craft Growers Corp. is headquartered in Calgary, Canada.

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