Alkaline Water (CVE:WTER) Shares Down 0.8% – Here’s Why

Alkaline Water Company Inc (CVE:WTERGet Free Report) dropped 0.8% during trading on Thursday . The stock traded as low as C$1.26 and last traded at C$1.28. Approximately 6,309 shares changed hands during trading, a decline of 60% from the average daily volume of 15,937 shares. The stock had previously closed at C$1.29.

Alkaline Water Trading Down 0.8 %

The company has a current ratio of 1.33, a quick ratio of 0.84 and a debt-to-equity ratio of 66.88. The business has a fifty day moving average price of C$1.28 and a 200 day moving average price of C$1.28. The firm has a market cap of C$75.50 million and a PE ratio of -3.79.

About Alkaline Water

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The Alkaline Water Company Inc produces, distributes, and markets bottled alkaline water in the United States. It also provides flavored bottled alkaline water. The company offers its products in various volumes under the Alkaline88 and Alkaline88 Flavored names. It sells its products through brokers and distributors to retailers, such as convenience stores, natural food products stores, large ethnic markets, and national retailers.

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