Alkaline Water (CVE:WTER) Trading Down 0.8% – Here’s What Happened

Alkaline Water Company Inc (CVE:WTER)’s stock price dropped 0.8% during trading on Thursday . The company traded as low as C$1.26 and last traded at C$1.28. Approximately 6,309 shares were traded during trading, a decline of 60% from the average daily volume of 15,937 shares. The stock had previously closed at C$1.29.

Alkaline Water Stock Down 0.8%

The company has a debt-to-equity ratio of 66.88, a current ratio of 1.33 and a quick ratio of 0.84. The business has a 50 day simple moving average of C$1.28 and a 200 day simple moving average of C$1.28. The company has a market capitalization of C$75.50 million and a price-to-earnings ratio of -3.79.

Alkaline Water Company Profile

The Alkaline Water Company Inc produces, distributes, and markets bottled alkaline water in the United States. It also provides flavored bottled alkaline water. The company offers its products in various volumes under the Alkaline88 and Alkaline88 Flavored names. It sells its products through brokers and distributors to retailers, such as convenience stores, natural food products stores, large ethnic markets, and national retailers.