Cronos Group Inc. (TSE:CRON – Get Free Report) was down 5.2% during mid-day trading on Friday . The stock traded as low as C$3.28 and last traded at C$3.29. Approximately 335,215 shares traded hands during mid-day trading, an increase of 79% from the average daily volume of 186,995 shares. The stock had previously closed at C$3.47.
Cronos Group Stock Down 5.2%
The company has a debt-to-equity ratio of 0.17, a quick ratio of 24.01 and a current ratio of 24.24. The firm has a market capitalization of C$868.77 million, a PE ratio of -18.31, a PEG ratio of 0.12 and a beta of 1.02. The company’s 50 day simple moving average is C$2.82 and its 200-day simple moving average is C$2.72.
About Cronos Group
Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia, and Australia to drive further international cultivation and distribution growth.
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