Cronos Group (CRON) Shares Down 5.7%
Cronos Group Inc (TSE:CRON)’s share price traded down 5.7% during mid-day trading on Thursday . The stock traded as low as C$15.13 and last traded at C$15.16. 375,453 shares traded hands during trading, a decline of 80% from the average session volume of 1,862,158 shares. The stock had previously closed at C$16.07.
CRON has been the subject of several research analyst reports. Canaccord Genuity upped their price objective on shares of Cronos Group from C$9.00 to C$17.00 in a report on Monday. GMP Securities upped their price objective on shares of Cronos Group from C$14.00 to C$24.00 in a report on Monday. Finally, Cormark upped their price objective on shares of Cronos Group from C$10.00 to C$17.00 in a report on Monday.
The company has a quick ratio of 5.74, a current ratio of 9.02 and a debt-to-equity ratio of 2.58.
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Cronos Group Inc, formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada's Marihuana for Medical Purposes Regulations MMPR. The firm typically invests in companies based in Canada.
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