Tilray Brands, Inc. (TSE:TLRY – Get Free Report) rose 30.7% during trading on Friday . The company traded as high as C$16.75 and last traded at C$15.15. Approximately 736,342 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 287,974 shares. The stock had previously closed at C$11.59.
Tilray Brands Price Performance
The firm has a market capitalization of C$1.94 billion, a P/E ratio of -0.69 and a beta of 3.56. The business’s fifty day moving average is C$17.17 and its 200 day moving average is C$13.48. The company has a current ratio of 2.54, a quick ratio of 2.16 and a debt-to-equity ratio of 10.76.
About Tilray Brands
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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