ICC Labs (CVE:ICC) Shares Down 5.8% – What’s Next?

Shares of ICC Labs Inc. (CVE:ICC) dropped 5.8% during trading on Monday . The company traded as low as C$1.61 and last traded at C$1.62. Approximately 646,156 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 799,310 shares. The stock had previously closed at C$1.72.

ICC Labs Stock Down 5.8%

The stock has a market capitalization of C$223.63 million and a price-to-earnings ratio of 95.29. The business’s 50 day simple moving average is C$1.62 and its 200-day simple moving average is C$1.62.

ICC Labs Company Profile

ICC Labs Inc, through its subsidiaries, produces and sells cannabis in Uruguay. It offers recreational cannabis, medicinal cannabis, cannabinoid extracts, and by-products for medicinal, recreational, and industrial use, as well as industrial hemp. The company is headquartered in Vancouver, Canada.