Charlotte’s Web (TSE:CWEB) Shares Down 1.1% – Should You Sell?

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s stock price traded down 1.1% during mid-day trading on Friday . The stock traded as low as C$0.81 and last traded at C$0.86. 118,928 shares traded hands during trading, a decline of 39% from the average session volume of 193,462 shares. The stock had previously closed at C$0.87.

Charlotte’s Web Price Performance

The stock has a 50-day simple moving average of C$0.78 and a 200 day simple moving average of C$0.41. The stock has a market capitalization of C$137.10 million, a P/E ratio of -6.14 and a beta of 1.89. The company has a debt-to-equity ratio of 678.86, a quick ratio of 1.41 and a current ratio of 3.89.

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.