Delta 9 Cannabis (TSE:DN) Stock Price Down 20%

Delta 9 Cannabis Inc. (TSE:DN)’s stock price was down 20% on Monday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 190,786 shares changed hands during trading, a decline of 73% from the average daily volume of 703,288 shares. The stock had previously closed at C$0.03.

Delta 9 Cannabis Stock Down 20.0 %

The company has a current ratio of 0.50, a quick ratio of 0.14 and a debt-to-equity ratio of 2,156.19. The company has a market capitalization of C$4.17 million, a P/E ratio of -0.17 and a beta of 0.93. The firm’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.

Delta 9 Cannabis (TSE:DN) last issued its quarterly earnings results on Monday, April 1st. The company reported C($0.02) EPS for the quarter. The business had revenue of C$17.48 million for the quarter. Delta 9 Cannabis had a negative return on equity of 256.71% and a negative net margin of 31.06%. Equities research analysts forecast that Delta 9 Cannabis Inc. will post -0.08 EPS for the current year.

About Delta 9 Cannabis

Delta 9 Cannabis Inc, together with its subsidiaries, operates as an integrated cannabis company. The company engages in the cultivation, processing, extraction, wholesale distribution, retail, and sale of medical and recreational cannabis products. Its products include dried cannabis flowers, pre-rolls, and dried sift cannabis, as well as oils, and extracted and derivative products.