Delta 9 Cannabis Inc. (TSE:DN – Free Report) rose 50% on Friday. The company traded as high as C$0.02 and was last seen at C$0.02. Approximately 1,095,972 shares traded hands during trading, a 40% increase from the average daily volume of 782,109 shares. The stock had previously closed at C$0.01.
Performance of Delta-9 Cannabis shares
The company has a market cap of CAD$4.58 million, a P/E ratio of -0.15 and a beta of 1.34. The company has a current ratio of 0.30, a quick ratio of 0.14 and a debt-to-equity ratio of 2,156.19. The stock has a 50 day moving average of CAD$0.02 and a 200 day moving average of CAD$0.02.
Delta 9 Cannabis (TSE:DN – Get Free Report) last announced its quarterly results on Monday, April 1. The company reported earnings per share of CAD $0.02 for the quarter. The company had revenue of CAD $17.48 million during the quarter. Delta 9 Cannabis had a negative net margin of 27.74% and a negative return on equity of 29,673.63%. Overall, sell-side analysts expect Delta 9 Cannabis Inc. to report earnings per share of -CAD $0.08 for the current fiscal year.
About Delta 9 Cannabis
(Get free report)
Delta 9 Cannabis Inc., together with its subsidiaries, is an integrated cannabis company. The Company is engaged in the cultivation, processing, extraction, wholesale, retail and sale of medical and recreational cannabis products. Its products include dried cannabis flower, pre-rolled joints and dried cannabis sift, as well as oils and extracted and derived products.
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