Alkaline Water (CVE:WTER) Trading Down 0.8% – Here’s What Happened

Alkaline Water Company Inc (CVE:WTER)’s stock price traded down 0.8% on Friday . The stock traded as low as C$1.26 and last traded at C$1.28. 6,309 shares changed hands during trading, a decline of 60% from the average session volume of 15,937 shares. The stock had previously closed at C$1.29.

Alkaline Water Price Performance

The stock has a 50-day simple moving average of C$1.28 and a 200 day simple moving average of C$1.28. The company has a current ratio of 1.33, a quick ratio of 0.84 and a debt-to-equity ratio of 66.88. The stock has a market capitalization of C$75.50 million and a price-to-earnings ratio of -3.79.

About Alkaline Water

The Alkaline Water Company Inc produces, distributes, and markets bottled alkaline water in the United States. It also provides flavored bottled alkaline water. The company offers its products in various volumes under the Alkaline88 and Alkaline88 Flavored names. It sells its products through brokers and distributors to retailers, such as convenience stores, natural food products stores, large ethnic markets, and national retailers.