Charlotte’s Web (TSE:CWEB) Trading Up 12.1% – Here’s Why

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) were up 12.1% during trading on Tuesday . The stock traded as high as C$0.67 and last traded at C$0.65. Approximately 149,419 shares were traded during trading, a decline of 18% from the average daily volume of 181,259 shares. The stock had previously closed at C$0.58.

Charlotte’s Web Stock Up 12.1%

The company has a debt-to-equity ratio of -431.59, a quick ratio of 1.41 and a current ratio of 3.35. The stock has a market capitalization of C$104.39 million, a price-to-earnings ratio of -2.83 and a beta of 1.72. The firm’s fifty day simple moving average is C$0.81 and its 200 day simple moving average is C$0.63.

Charlotte’s Web (TSE:CWEB) last announced its earnings results on Wednesday, May 13th. The company reported C($0.11) EPS for the quarter. The company had revenue of C$11.16 million for the quarter. Charlotte’s Web had a negative return on equity of 2,056.41% and a negative net margin of 74.93%. On average, sell-side analysts forecast that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current year.

Charlotte’s Web Company Profile

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.