SugarBud Craft Growers (CVE:SUGR) Stock Price Up 1.4% – Here’s Why

SugarBud Craft Growers Corp. (CVE:SUGR – Get Free Report) shares were up 1.4% during trading on Tuesday. The stock traded as high as C$10.15 and last traded at C$10.15. Approximately 5,500 shares were traded during mid-day trading, an increase of 198% from the average daily volume of 1,847 shares. The stock had previously closed at C$10.01.

SugarBud Craft Growers Stock Performance

The company has a 50-day simple moving average of C$9.70 and a two-hundred day simple moving average of C$10.73. The company has a debt-to-equity ratio of 157.27, a quick ratio of 0.03 and a current ratio of 1.48. The firm has a market capitalization of C$249.20 million, a P/E ratio of 6.22 and a beta of 0.20.

About SugarBud Craft Growers

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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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