Shares of Cronos Group Inc. (TSE:CRON – Get Free Report) were up 9% on Wednesday . The company traded as high as C$2.91 and last traded at C$2.91. Approximately 73,241 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 104,087 shares. The stock had previously closed at C$2.67.
Cronos Group Stock Up 9.7 %
The business has a fifty day moving average price of C$2.82 and a two-hundred day moving average price of C$2.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 28.29 and a quick ratio of 24.01. The firm has a market capitalization of C$1.12 billion, a price-to-earnings ratio of -13.95, a price-to-earnings-growth ratio of 0.12 and a beta of 1.02.
About Cronos Group
Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia, and Australia to drive further international cultivation and distribution growth.
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