Delta 9 Cannabis (TSE:DN) Shares Up 14.3%

Shares of Delta 9 Cannabis Inc. (TSE:DN) shot up 14.3% during trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 212,520 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 253,532 shares. The stock had previously closed at C$0.04.

Delta 9 Cannabis Price Performance

The company has a market capitalization of C$6.12 million, a price-to-earnings ratio of -0.19 and a beta of 1.13. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.05. The company has a debt-to-equity ratio of 2,156.19, a quick ratio of 0.14 and a current ratio of 0.57.

Delta 9 Cannabis (TSE:DN) last announced its quarterly earnings data on Monday, August 14th. The company reported C($0.02) earnings per share for the quarter. Delta 9 Cannabis had a negative return on equity of 199.55% and a negative net margin of 35.12%. The business had revenue of C$18.25 million for the quarter. On average, equities research analysts expect that Delta 9 Cannabis Inc. will post -0.08 EPS for the current fiscal year.

Delta 9 Cannabis Company Profile

Delta 9 Cannabis Inc, together with its subsidiaries, operates as an integrated cannabis company. The company engages in the cultivation, processing, extraction, wholesale distribution, retail, and sale of medical and recreational cannabis products. Its products include dried cannabis flowers, pre-rolls, and dried sift cannabis, as well as oils, and extracted and derivative products.