MediPharm Labs (TSE:LABS) Hits New 52-Week Low – Here’s Why

Shares of MediPharm Labs Corp. (TSE:LABSGet Free Report) reached a new 52-week low on Monday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 25262 shares. The stock had previously closed at C$0.07.

MediPharm Labs Price Performance

The stock has a market cap of C$27.35 million, a PE ratio of -2.17 and a beta of 0.06. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.21 and a quick ratio of 3.10. The company has a 50 day moving average price of C$0.07 and a two-hundred day moving average price of C$0.07.

MediPharm Labs (TSE:LABSGet Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported C($0.01) EPS for the quarter. MediPharm Labs had a negative net margin of 30.56% and a negative return on equity of 24.41%. The business had revenue of C$11.45 million for the quarter. Analysts expect that MediPharm Labs Corp. will post -0.04 EPS for the current year.

About MediPharm Labs

(Get Free Report)

MediPharm Labs Corp, along with its subsidiaries, produces purified, pharmaceutical-like cannabis extracts and related derivative products. The company generates revenue from Private label, White label, the Tolling process, and others. Some of its vape brands are Northern Lights, Blue Dream Pink Kush and GG4.

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