Charlotte’s Web (TSE:CWEB) Shares Up 2.8% – Still a Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEBGet Free Report)’s stock price traded up 2.8% during trading on Thursday . The stock traded as high as C$0.19 and last traded at C$0.19. 38,937 shares traded hands during trading, a decline of 20% from the average session volume of 48,621 shares. The stock had previously closed at C$0.18.

Charlotte’s Web Stock Up 2.8 %

The firm has a market cap of C$29.14 million, a price-to-earnings ratio of -0.46 and a beta of 1.91. The business has a fifty day simple moving average of C$0.17 and a 200 day simple moving average of C$0.19. The company has a debt-to-equity ratio of 168.27, a current ratio of 3.08 and a quick ratio of 1.41.

About Charlotte’s Web

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Charlotte's Web Holdings, Inc is involved in the farming, manufacture, marketing, and sale of hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, ReCreate, CBD Medic, CBD Clinic, and Harmony Hemp brands.

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