Tilray Brands, Inc. (TSE:TLRY – Get Free Report) shares were down 7.6% on Tuesday . The company traded as low as C$1.43 and last traded at C$1.45. Approximately 2,357,418 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 1,966,315 shares. The stock had previously closed at C$1.57.
Tilray Brands Trading Down 7.6%
The business’s 50 day moving average price is C$0.84 and its two-hundred day moving average price is C$0.85. The company has a current ratio of 2.54, a quick ratio of 2.16 and a debt-to-equity ratio of 10.76. The company has a market capitalization of C$934.33 million, a price-to-earnings ratio of -3.50 and a beta of 2.19.
Tilray Brands Company Profile
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.
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