Delta 9 Cannabis Inc (CVE:NINE – Get Free Report) was up 3% during mid-day trading on Tuesday . The stock traded as high as C$1.13 and last traded at C$1.03. Approximately 68,728 shares changed hands during trading, a decline of 41% from the average daily volume of 117,300 shares. The stock had previously closed at C$1.00.
Delta 9 Cannabis Price Performance
The company has a debt-to-equity ratio of 33.00, a current ratio of 4.44 and a quick ratio of 2.04. The company’s 50-day simple moving average is C$1.03 and its 200-day simple moving average is C$1.03. The stock has a market capitalization of C$89.36 million and a P/E ratio of 19.07.
About Delta 9 Cannabis
Delta 9 Cannabis Inc operates as an integrated cannabis company. The company, through its subsidiary, Delta 9 Bio-Tech Inc, engages in the production of medical marijuana. It primarily provides cannabis strains, as well as start-up materials and support services, including genetics (plants), grow pods, and consulting services to new and existing licensed producers. It also owns and operates retail cannabis store in Winnipeg, Manitoba, as well as cannabis superstore in Brandon, Manitoba. The company operates its retail stores under the Delta 9 Cannabis Store brand name.
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