WeedMD (CVE:WMD) Stock Price Down 1.8% – Here’s What Happened

WeedMD Inc. (CVE:WMD) traded down 1.8% during mid-day trading on Wednesday. The stock traded as low as C$0.28 and last traded at C$0.28. 271,436 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 766,591 shares. The stock had previously closed at C$0.28.

WeedMD Price Performance

The company has a market cap of C$67.82 million and a PE ratio of -0.66. The company has a debt-to-equity ratio of 95.63, a quick ratio of 1.46 and a current ratio of 3.46. The stock has a 50 day moving average of C$0.28 and a 200-day moving average of C$0.27.

WeedMD Company Profile

WeedMD Inc produces, distributes, and sells medical-grade cannabis in Canada. It offers dried cannabis, cannabis plants and seeds, cannabis oil, edibles, extracts and topicals, and others, as well as cannabis flower products. The company sells its products directly to medical patients and strategic relationships across the seniors' market, as well as through supply agreements with Shoppers Drug Mart and six provincial distribution agencies under the Color Cannabis, Saturday, Starseed, and WeedMD brand names.