WeedMD (CVE:WMD) Stock Price Down 1.8% – Time to Sell?

Shares of WeedMD Inc. (CVE:WMD) traded down 1.8% during trading on Friday . The stock traded as low as C$0.28 and last traded at C$0.28. 271,436 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 766,591 shares. The stock had previously closed at C$0.28.

WeedMD Price Performance

The company has a market capitalization of C$67.82 million and a P/E ratio of -0.66. The business’s 50-day moving average is C$0.28 and its two-hundred day moving average is C$0.27. The company has a quick ratio of 1.46, a current ratio of 3.46 and a debt-to-equity ratio of 95.63.

WeedMD Company Profile

WeedMD Inc produces, distributes, and sells medical-grade cannabis in Canada. It offers dried cannabis, cannabis plants and seeds, cannabis oil, edibles, extracts and topicals, and others, as well as cannabis flower products. The company sells its products directly to medical patients and strategic relationships across the seniors' market, as well as through supply agreements with Shoppers Drug Mart and six provincial distribution agencies under the Color Cannabis, Saturday, Starseed, and WeedMD brand names.