Charlotte’s Web (TSE:CWEB) Stock Price Up 11.5% – Still a Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) rose 11.5% during mid-day trading on Friday . The stock traded as high as C$0.88 and last traded at C$0.87. Approximately 136,123 shares changed hands during trading, a decline of 32% from the average daily volume of 199,063 shares. The stock had previously closed at C$0.78.

Charlotte’s Web Trading Up 24.4%

The firm has a market capitalization of C$155.72 million, a P/E ratio of -5.11 and a beta of 1.64. The stock’s 50-day simple moving average is C$0.95 and its two-hundred day simple moving average is C$0.57. The company has a debt-to-equity ratio of -3,161.11, a current ratio of 3.51 and a quick ratio of 1.41.

About Charlotte’s Web

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.