Promising Cannabis Stocks To Follow Today – April 28th

Canopy Growth, Indivior, and Tilray are the three Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Error: Response status code does not indicate success: 429 (Too Many Requests). These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Canopy Growth (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.

CGC traded down $0.14 during midday trading on Monday, reaching $1.28. 5,447,661 shares of the company’s stock were exchanged, compared to its average volume of 6,728,680. Canopy Growth has a 1-year low of $0.77 and a 1-year high of $14.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.52 and a quick ratio of 2.58. The business’s 50-day moving average price is $1.16 and its 200 day moving average price is $2.54. The stock has a market capitalization of $234.43 million, a PE ratio of -0.34 and a beta of 0.92.

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

Shares of INDV stock traded up $0.11 during mid-day trading on Monday, hitting $11.67. 558,821 shares of the company’s stock were exchanged, compared to its average volume of 968,861. The stock has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $10.34. Indivior has a fifty-two week low of $7.33 and a fifty-two week high of $18.59. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -33.44 and a beta of 0.93.

Tilray (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

Shares of NASDAQ TLRY traded down $0.02 on Monday, reaching $0.47. 9,050,222 shares of the company traded hands, compared to its average volume of 29,450,971. Tilray has a fifty-two week low of $0.43 and a fifty-two week high of $2.52. The company has a current ratio of 2.54, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $0.62 and a 200 day moving average of $1.08. The stock has a market capitalization of $475.07 million, a PE ratio of -1.56 and a beta of 1.88.