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

Alkaline Water Company Inc (CVE:WTER)’s stock price dropped 0.8% during trading on Tuesday . The stock traded as low as C$1.26 and last traded at C$1.28. Approximately 6,309 shares traded 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 Price Performance

The company has a debt-to-equity ratio of 66.88, a quick ratio of 0.84 and a current ratio of 1.33. The business has a 50 day simple moving average of C$1.28 and a 200-day simple moving average of C$1.28. The firm has a market cap of C$75.50 million and a price-to-earnings ratio of -3.79.

Alkaline Water Company Profile

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. The company was incorporated in 2011 and is headquartered in Scottsdale, Arizona.