Auxly Cannabis Group (CVE:XLY) Shares Cross Above 50 Day Moving Average of $0.39

Auxly Cannabis Group Inc. (CVE:XLY)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.39 and traded as high as C$0.40. Auxly Cannabis Group shares last traded at C$0.39, with a volume of 1,630,684 shares trading hands.

XLY has been the subject of a number of recent analyst reports. ATB Capital upgraded Auxly Cannabis Group from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, August 17th. Raymond James set a C$0.40 price objective on Auxly Cannabis Group and gave the stock an “outperform” rating in a research note on Tuesday, August 17th.

The firm has a 50 day moving average of C$0.39 and a 200-day moving average of C$0.38. The stock has a market capitalization of C$289.90 million and a PE ratio of -2.10. The company has a debt-to-equity ratio of 56.23, a quick ratio of 0.63 and a current ratio of 1.82.

About Auxly Cannabis Group (CVE:XLY)

Auxly Cannabis Group Inc operates as a consumer packaged goods company in the cannabis products market in Canada. The company engages in the cultivation of cannabis; and development and distribution of cannabis products. It offers products, such as soft chews, vape cartridges, vape pens, pre-rolled cannabis, chocolates, and cannabis oil spray and oil drops through retail stores under the Kolab Project, Foray, and Dosecan brand names.

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