Delta 9 Cannabis (TSE:DN) Trading Down 16.7%

Shares of Delta 9 Cannabis Inc. (TSE:DN) dropped 16.7% during trading on Monday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 177,433 shares were traded during trading, a decline of 76% from the average daily volume of 753,475 shares. The stock had previously closed at C$0.03.

Delta 9 Cannabis Stock Performance

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

Delta 9 Cannabis (TSE:DN) last announced its quarterly earnings data 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 net margin of 24.65% and a negative return on equity of 29,673.63%. As a group, sell-side analysts expect that Delta 9 Cannabis Inc. will post -0.08 earnings per share for the current year.

About Delta 9 Cannabis

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.