RIV Capital (TSE:RIV) Shares Down 6.3%

Shares of RIV Capital Inc. (TSE:RIV) fell 6.3% on Monday . The stock traded as low as C$1.42 and last traded at C$1.50. 544,175 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 403,976 shares. The stock had previously closed at C$1.60.

RIV Capital Stock Down 6.3 %

The stock has a market cap of C$213.65 million and a price-to-earnings ratio of -1.63. The company’s 50 day simple moving average is C$1.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 118.18 and a quick ratio of 117.80.

RIV Capital (TSE:RIV) last announced its earnings results on Thursday, May 30th. The company reported C($0.05) earnings per share for the quarter. The firm had revenue of C$2.88 million for the quarter. On average, sell-side analysts anticipate that RIV Capital Inc. will post 0.01 earnings per share for the current fiscal year.

About RIV Capital

RIV Capital Inc, formerly known as Canopy Rivers Inc, is a venture capital firm. The firm is a stage agnostic, with seed to sale, although it prefers to invest in series A to C rounds. It prefers to make investments in cannabis sector with focus on burgeoning marijuana companies and sectors like agriculture and food sciences, production, processing, pharmaceuticals and biotechnology, software and data, hardware, consumer products and accessories, wellness products, retail and distribution, and media and content.