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

Delta 9 Cannabis Inc (CVE:NINEGet Free Report)’s share price shot up 3% during trading on Thursday . The company traded as high as C$1.13 and last traded at C$1.03. 68,728 shares traded hands during trading, a decline of 41% from the average session volume of 117,300 shares. The stock had previously closed at C$1.00.

Delta 9 Cannabis Stock Performance

The stock’s 50 day moving average price is C$1.03 and its 200 day moving average price is C$1.03. The company has a current ratio of 4.44, a quick ratio of 2.04 and a debt-to-equity ratio of 33.00. The company has a market capitalization of C$89.36 million and a price-to-earnings ratio of 19.07.

Insider Transactions at Delta 9 Cannabis

In other news, Director John William (John) Arbuthnot Iv sold 1,750,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of C$0.02, for a total transaction of C$35,000.00.

About Delta 9 Cannabis

(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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