Canopy Growth Corp (TSE:WEED – Get Free Report) Director David Angelo Lazzarato sold 3,006 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$3.84, for a total value of C$11,557.47.
Canopy Growth Stock Down 6.8 %
Shares of TSE:WEED opened at C$3.85 on Thursday. Canopy Growth Corp has a 1 year low of C$3.74 and a 1 year high of C$20.50. The company has a debt-to-equity ratio of 117.00, a current ratio of 2.15 and a quick ratio of 2.32. The business’s 50-day moving average is C$5.03 and its 200-day moving average is C$6.92. The company has a market capitalization of C$326.71 million, a price-to-earnings ratio of -0.49, a P/E/G ratio of -0.01 and a beta of 1.79.
Wall Street Analyst Weigh In
Separately, ATB Capital downgraded shares of Canopy Growth from a “sector perform” rating to an “underperform” rating and decreased their target price for the company from C$6.00 to C$4.00 in a research report on Tuesday, December 17th.
About Canopy Growth
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.
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