Auxly Cannabis Group (CVE:XLY) Shares Up 5.4% – What’s Next?

Auxly Cannabis Group Inc. (CVE:XLY)’s stock price traded up 5.4% during trading on Friday . The stock traded as high as C$0.40 and last traded at C$0.39. 1,630,684 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 2,248,602 shares. The stock had previously closed at C$0.37.

Auxly Cannabis Group Trading Up 5.4%

The company has a market cap of C$289.90 million and a price-to-earnings ratio of -2.10. The company has a current ratio of 1.82, a quick ratio of 0.63 and a debt-to-equity ratio of 56.23. The business’s 50 day moving average price is C$0.39 and its 200-day moving average price is C$0.39.

Auxly Cannabis Group Company Profile

Auxly Cannabis Group Inc operates as a consumer packaged goods company in the cannabis products market in Canada. The company engages in the cultivation of cannabis; and development and distribution of cannabis products. It offers products, such as soft chews, vape cartridges, vape pens, pre-rolled cannabis, chocolates, and cannabis oil spray and oil drops through retail stores under the Kolab Project, Foray, and Dosecan brand names. The company was formerly known as Cannabis Wheaton Income Corp.