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

WeedMD Inc. (CVE:WMD) traded 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. 271,436 shares traded hands during trading, a decline of 65% from the average session volume of 766,591 shares. The stock had previously closed at C$0.28.

WeedMD Price Performance

The business’s fifty day moving average is C$0.28 and its 200-day moving average is C$0.27. The company has a debt-to-equity ratio of 95.63, a current ratio of 3.46 and a quick ratio of 1.46. The firm has a market cap of C$67.82 million and a PE ratio of -0.66.

About WeedMD

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.