Charlotte’s Web (TSE:CWEB) Trading 19.4% Higher – Here’s What Happened

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) were up 19.4% during trading on Thursday . The company traded as high as C$0.37 and last traded at C$0.37. 225,205 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 162,409 shares. The stock had previously closed at C$0.31.

Charlotte’s Web Trading Down 6.9%

The firm has a market cap of C$90.63 million, a P/E ratio of -1.46 and a beta of 1.01. The business’s 50-day moving average is C$0.48 and its two-hundred day moving average is C$0.69. The company has a debt-to-equity ratio of -431.59, a current ratio of 3.35 and a quick ratio of 1.41.

Charlotte’s Web (TSE:CWEB) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C($0.11) earnings per share (EPS) for the quarter. Charlotte’s Web had a negative net margin of 74.93% and a negative return on equity of 2,056.41%. The business had revenue of C$11.16 million during the quarter. As a group, analysts predict that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current fiscal year.

Charlotte’s Web Company Profile

Charlotte’s Web Holdings, Inc, a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte’s Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. The Company’s hemp extracts have naturally occurring botanical compounds including cannabidiol (‘CBD’), CBN, CBC, CBG, THC, terpenes, flavonoids, and other beneficial compounds. Charlotte’s Web product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery, immunity), CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs.