MediPharm Labs (TSE:LABS) Stock Price Down 5.3%

Shares of MediPharm Labs Corp. (TSE:LABSGet Free Report) traded down 5.3% on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. 319,257 shares traded hands during trading, an increase of 41% from the average session volume of 226,891 shares. The stock had previously closed at C$0.10.

MediPharm Labs Trading Down 11.1 %

The stock has a market cap of C$32.10 million, a price-to-earnings ratio of -1.80 and a beta of 1.04. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.28 and a quick ratio of 3.10. The company’s fifty day moving average price is C$0.07 and its 200-day moving average price is C$0.07.

About MediPharm Labs

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MediPharm Labs Corp., a pharmaceutical company, produces and sells pharmaceutical-quality cannabis oil and concentrates, and advanced derivative products in Canada and internationally. The company formulates, processes, packages, and distributes cannabis extracts and advanced cannabinoid-based products.

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