Promising Cannabis Stocks To Keep An Eye On – April 21st

SHF, Evogene, Northern Lights Acquisition, Canopy Growth, and BYND Cannasoft Enterprises are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of companies that are engaged in various aspects of the cannabis industry, including cultivation, distribution, research, and production of cannabis-related products. These stocks offer investors exposure to a rapidly growing sector, though they often come with higher volatility and regulatory risks due to the evolving legal landscape surrounding cannabis. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

SHF (SHFS)

SHF Holdings, Inc., through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments.

SHFS traded up $1.81 on Monday, reaching $4.04. The stock had a trading volume of 34,461,794 shares, compared to its average volume of 158,548. The business’s 50-day moving average price is $5.07 and its two-hundred day moving average price is $7.19. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. SHF has a 12-month low of $1.84 and a 12-month high of $18.80. The company has a market cap of $11.25 million, a P/E ratio of 23.76 and a beta of 0.58.

Evogene (EVGN)

Evogene Ltd., together with its subsidiaries, operates as a computational biology company. It focuses on product discovery and development in life-science based industries, including human health and agriculture, through the use of its Computational Predictive Biology (CPB) platform. The company operates through three segments: Agriculture, Human Health, and Industrial Applications.

Shares of NASDAQ:EVGN traded up $0.20 during midday trading on Monday, reaching $1.17. 17,222,667 shares of the company’s stock traded hands, compared to its average volume of 255,364. The company has a market cap of $6.28 million, a P/E ratio of -0.26 and a beta of 1.37. Evogene has a 1 year low of $0.95 and a 1 year high of $9.00. The company has a fifty day simple moving average of $1.31 and a two-hundred day simple moving average of $1.64.

Northern Lights Acquisition (NLIT)

Shares of NASDAQ NLIT traded up $0.31 during midday trading on Monday, hitting $2.23. The stock had a trading volume of 2,162,975 shares, compared to its average volume of 76,109. Northern Lights Acquisition has a 1 year low of $7.72 and a 1 year high of $30.47. The stock has a 50 day simple moving average of $1.42 and a 200-day simple moving average of $1.18.

Canopy Growth (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.

NASDAQ CGC traded down $0.12 during trading hours on Monday, hitting $1.08. 4,287,469 shares of the company’s stock traded hands, compared to its average volume of 6,700,722. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.52 and a quick ratio of 2.58. The firm’s 50-day moving average is $1.22 and its 200-day moving average is $2.64. The company has a market capitalization of $170.51 million, a PE ratio of -0.28 and a beta of 0.92. Canopy Growth has a 52-week low of $0.77 and a 52-week high of $14.92.

BYND Cannasoft Enterprises (BCAN)

Shares of BCAN traded down $0.01 during mid-day trading on Monday, reaching $0.02. The stock had a trading volume of 198,396,141 shares, compared to its average volume of 45,019. BYND Cannasoft Enterprises has a 52-week low of $3.95 and a 52-week high of $25.84. The business’s fifty day moving average is $2.40 and its 200 day moving average is $5.37.