Delta 9 Cannabis (TSE:DN) Trading 25% Higher

Delta 9 Cannabis Inc. (TSE:DN)’s stock price rose 25% during trading on Tuesday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 230,000 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 701,415 shares. The stock had previously closed at C$0.02.

Delta 9 Cannabis Trading Up 50.0 %

The company has a market cap of C$6.25 million, a price-to-earnings ratio of -0.13 and a beta of 0.93. The company has a current ratio of 0.50, a quick ratio of 0.14 and a debt-to-equity ratio of 2,156.19. The business’s 50 day moving average price is C$0.03 and its 200-day moving average price is C$0.03.

Delta 9 Cannabis (TSE:DN) last issued its quarterly earnings data on Monday, April 1st. The company reported C($0.02) earnings per share (EPS) for the quarter. Delta 9 Cannabis had a negative return on equity of 256.71% and a negative net margin of 31.06%. The company had revenue of C$17.48 million for the quarter. On average, equities analysts anticipate that Delta 9 Cannabis Inc. will post -0.08 EPS 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.