Charlotte’s Web (TSE:CWEB) Shares Up 29.4% – Here’s Why

Charlotte’s Web Holdings, Inc. (TSE:CWEBGet Free Report)’s stock price traded up 29.4% on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. 268,650 shares traded hands during trading, an increase of 509% from the average session volume of 44,129 shares. The stock had previously closed at C$0.09.

Charlotte’s Web Stock Up 29.4 %

The company has a debt-to-equity ratio of 203.10, a quick ratio of 1.41 and a current ratio of 3.03. The firm’s 50-day moving average price is C$0.14 and its two-hundred day moving average price is C$0.16. The firm has a market cap of C$12.20 million, a PE ratio of -0.34 and a beta of 1.91.

Charlotte’s Web Company Profile

(Get Free Report)

Charlotte's Web Holdings, Inc is involved in the farming, manufacture, marketing, and sale of hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, ReCreate, CBD Medic, CBD Clinic, and Harmony Hemp brands.

See Also

Receive News & Ratings for Charlotte's Web Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charlotte's Web and related companies with MarketBeat.com's FREE daily email newsletter.