Delta 9 Cannabis (TSE:DN) Stock Price Up 25%

Delta 9 Cannabis Inc. (TSE:DN)’s share price shot up 25% on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. 230,000 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 701,415 shares. The stock had previously closed at C$0.02.

Delta 9 Cannabis Stock Performance

The firm’s 50-day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The firm has a market capitalization of C$7.85 million, a PE ratio of -0.30 and a beta of 1.34. The company has a quick ratio of 0.14, a current ratio of 0.40 and a debt-to-equity ratio of 2,156.19.

Delta 9 Cannabis (TSE:DN) last released its earnings results on Monday, April 1st. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$17.48 million during the quarter. Delta 9 Cannabis had a negative return on equity of 29,673.63% and a negative net margin of 24.65%. As a group, research analysts predict that Delta 9 Cannabis Inc. will post -0.08 earnings per share for the current fiscal year.

Delta 9 Cannabis Company Profile

Delta 9 Cannabis Inc, together with its subsidiaries, operates as an integrated cannabis company. The company engages in the cultivation, processing, extraction, wholesale distribution, retail, and sale of medical and recreational cannabis products. Its products include dried cannabis flowers, pre-rolls, and dried sift cannabis, as well as oils, and extracted and derivative products.