SugarBud Craft Growers (CVE:SUGR) Trading Up 10.2% – Should You Buy?

SugarBud Craft Growers Corp. (CVE:SUGRGet Free Report) shares were up 10.2% during trading on Friday . The stock traded as high as C$9.00 and last traded at C$9.00. 7,005 shares were traded during mid-day trading, an increase of 697% from the average session volume of 879 shares. The stock had previously closed at C$8.17.

SugarBud Craft Growers Stock Performance

The business has a 50-day moving average of C$11.38 and a 200 day moving average of C$11.70. The company has a debt-to-equity ratio of 157.27, a current ratio of 1.48 and a quick ratio of 0.03. The company has a market cap of C$216.62 million, a PE ratio of 6.43 and a beta of 2.77.

SugarBud Craft Growers Company Profile

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SugarBud Craft Growers Corp. engages in the development, production, distribution, and sale of cannabis products in Canada. It offers cannabis extract, edible, and topical products through distributors and retailers, as well as to registered medical patients through CannMart.com. The company was formerly known as Relentless Resources Ltd. and changed its name to SugarBud Craft Growers Corp. in October 2018. SugarBud Craft Growers Corp. is headquartered in Calgary, Canada.

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