Charlotte’s Web (TSE:CWEB) Shares Up 7.5% – Here’s What Happened

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s stock price rose 7.5% on Wednesday . The company traded as high as C$1.14 and last traded at C$1.14. Approximately 62,107 shares traded hands during trading, a decline of 64% from the average daily volume of 173,957 shares. The stock had previously closed at C$1.06.

Charlotte’s Web Trading Up 9.4%

The company has a quick ratio of 1.41, a current ratio of 3.03 and a debt-to-equity ratio of 203.10. The business has a 50-day simple moving average of C$0.55 and a 200-day simple moving average of C$0.30. The company has a market cap of C$184.93 million, a PE ratio of -8.29 and a beta of 2.17.

Charlotte’s Web (TSE:CWEB) last issued its quarterly earnings data on Wednesday, November 12th. The company reported C($0.04) earnings per share for the quarter. Charlotte’s Web had a negative net margin of 66.35% and a negative return on equity of 83.34%. The firm had revenue of C$16.02 million during the quarter. On average, analysts predict that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current fiscal year.

Charlotte’s Web Company Profile

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.