Cronos Group Inc. (TSE:CRON – Get Free Report)’s share price dropped 3.4% during trading on Tuesday . The stock traded as low as C$2.28 and last traded at C$2.29. Approximately 272,941 shares were traded during trading, an increase of 2% from the average daily volume of 267,955 shares. The stock had previously closed at C$2.37.
Cronos Group Trading Down 3.4 %
The firm’s 50-day moving average price is C$2.70 and its 200 day moving average price is C$2.83. The company has a market cap of C$604.71 million, a price-to-earnings ratio of -12.74, a P/E/G ratio of 0.12 and a beta of 1.02. The company has a current ratio of 24.24, a quick ratio of 24.01 and a debt-to-equity ratio of 0.17.
Cronos Group Company Profile
Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia, and Australia to drive further international cultivation and distribution growth.
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