CubicFarm Systems (TSE:CUB) Shares Down 21.4%

CubicFarm Systems Corp. (TSE:CUBGet Rating) traded down 21.4% on Friday . The company traded as low as C$0.06 and last traded at C$0.06. 72,399 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 234,190 shares. The stock had previously closed at C$0.07.

Wall Street Analyst Weigh In

Separately, Raymond James lowered their target price on CubicFarm Systems from C$0.50 to C$0.25 and set a “market perform” rating for the company in a research note on Friday, November 18th.

CubicFarm Systems Trading Down 28.6 %

The company has a current ratio of 1.58, a quick ratio of 0.53 and a debt-to-equity ratio of 81.29. The company has a market cap of C$10.36 million, a PE ratio of -0.25 and a beta of 2.75. The business has a 50 day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.10.

CubicFarm Systems Company Profile

(Get Rating)

CubicFarm Systems Corp. develops, manufactures, and sells cubic farming systems for farmers worldwide. The company offers CubicFarm System and CubicFarms' HydroGreen Grow System. Its systems help farmers to produce lettuce, basil, microgreens, nutraceutical ingredients, and animal feed. The company was formerly known as Forty Foot Farms Ltd.

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