Delta 9 Cannabis (CVE:NINE) Shares Up 3% – What’s Next?

Delta 9 Cannabis Inc (CVE:NINE) shares shot up 3% during mid-day trading on Wednesday . The company traded as high as C$1.13 and last traded at C$1.03. 68,728 shares were traded during trading, a decline of 41% from the average session volume of 117,300 shares. The stock had previously closed at C$1.00.

Delta 9 Cannabis Trading Up 3.0%

The company has a debt-to-equity ratio of 33.00, a current ratio of 4.44 and a quick ratio of 2.04. The company has a market cap of C$89.36 million and a price-to-earnings ratio of 19.07. The business’s 50-day simple moving average is C$1.03 and its 200-day simple moving average is C$1.03.

Delta 9 Cannabis Company Profile

Delta 9 Cannabis Inc operates as an integrated cannabis company. The company, through its subsidiary, Delta 9 Bio-Tech Inc, engages in the production of medical marijuana. It primarily provides cannabis strains, as well as start-up materials and support services, including genetics (plants), grow pods, and consulting services to new and existing licensed producers.