TerrAscend (OTCMKTS:TRSSF) Trading Down 22.9% – Here’s Why

TerrAscend Corp. (OTCMKTS:TRSSF)’s share price dropped 22.9% during mid-day trading on Monday . The stock traded as low as $0.5537 and last traded at $0.5740. Approximately 420,907 shares traded hands during trading, an increase of 221% from the average daily volume of 131,026 shares. The stock had previously closed at $0.7444.

TerrAscend Stock Down 22.9%

The company has a quick ratio of 0.40, a current ratio of 0.73 and a debt-to-equity ratio of 0.55. The stock has a market cap of $144.57 million, a PE ratio of -4.10 and a beta of 2.89. The firm has a fifty day moving average of $0.73 and a 200 day moving average of $0.74.

TerrAscend Company Profile

TerrAscend Corp. is a vertically integrated cannabis company operating across key markets in the United States and Canada. The company holds cultivation, processing and retail licenses in several U.S. jurisdictions—including Pennsylvania, New Jersey and California—while its Canadian operations serve both medical and adult-use markets through provincial distribution channels. TerrAscend’s business model spans the full value chain from cultivation and extraction to manufacturing and retail.

In its U.S.