Delta 9 Cannabis (TSE:DN) Stock Price Up 50%

Shares of Delta 9 Cannabis Inc. (TSE:DN) were up 50% during mid-day trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 1,095,972 shares traded hands during trading, an increase of 40% from the average daily volume of 782,109 shares. The stock had previously closed at C$0.01.

Delta 9 Cannabis Price Performance

The company has a current ratio of 0.30, a quick ratio of 0.14 and a debt-to-equity ratio of 2,156.19. The stock has a market capitalization of C$4.58 million, a P/E ratio of -0.15 and a beta of 1.34. The stock has a 50 day moving average of C$0.02 and a 200-day moving average of C$0.02.

Delta 9 Cannabis (TSE:DN) last released its quarterly earnings data on Monday, April 1st. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$17.48 million for the quarter. Delta 9 Cannabis had a negative return on equity of 29,673.63% and a negative net margin of 27.74%. On average, equities research analysts anticipate that Delta 9 Cannabis Inc. will post -0.08 earnings per share for the current fiscal year.

About Delta 9 Cannabis

Delta 9 Cannabis Inc, together with its subsidiaries, operates as an integrated cannabis company. The company engages in the cultivation, processing, extraction, wholesale distribution, retail, and sale of medical and recreational cannabis products. Its products include dried cannabis flowers, pre-rolls, and dried sift cannabis, as well as oils, and extracted and derivative products.