Delta 9 Cannabis (CVE:NINE) Trading Up 3% – Time to Buy?

Delta 9 Cannabis Inc (CVE:NINE) shares rose 3% during mid-day trading on Wednesday . The company traded as high as C$1.13 and last traded at C$1.03. 68,728 shares changed hands during trading, a decline of 41% from the average daily volume of 117,300 shares. The stock had previously closed at C$1.00.

Delta 9 Cannabis Trading Up 3.0%

The firm has a market capitalization of C$89.36 million and a price-to-earnings ratio of 19.07. The business’s 50-day moving average price is C$1.03 and its 200 day moving average price is C$1.03. The company has a debt-to-equity ratio of 33.00, a current ratio of 4.44 and a quick ratio of 2.04.

Delta 9 Cannabis Company Profile

Delta 9 Cannabis Inc operates as an integrated cannabis company. The company, through its subsidiary, Delta 9 Bio-Tech Inc, engages in the production of medical marijuana. It primarily provides cannabis strains, as well as start-up materials and support services, including genetics (plants), grow pods, and consulting services to new and existing licensed producers. It also owns and operates retail cannabis store in Winnipeg, Manitoba, as well as cannabis superstore in Brandon, Manitoba. The company operates its retail stores under the Delta 9 Cannabis Store brand name.