Delta 9 Cannabis (CVE:NINE) Trading Up 3%

Delta 9 Cannabis Inc (CVE:NINEGet Free Report)’s share price rose 3% on Friday . The company traded as high as C$1.13 and last traded at C$1.03. Approximately 68,728 shares were traded 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 Stock Performance

The company has a market cap of C$89.36 million and a P/E ratio of 19.07. The company has a quick ratio of 2.04, a current ratio of 4.44 and a debt-to-equity ratio of 33.00. The business has a fifty day simple moving average of C$1.03 and a two-hundred day simple moving average of C$1.03.

Delta 9 Cannabis Company Profile

(Get Free Report)

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.

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