Charlotte’s Web (TSE:CWEB) Shares Down 6.5% – What’s Next?

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEBGet Free Report) fell 6.5% during trading on Tuesday . The company traded as low as C$0.15 and last traded at C$0.15. 37,500 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 41,208 shares. The stock had previously closed at C$0.16.

Charlotte’s Web Price Performance

The company has a debt-to-equity ratio of 203.10, a quick ratio of 1.41 and a current ratio of 3.03. The stock has a market cap of C$16.08 million, a price-to-earnings ratio of -0.44 and a beta of 1.91. The business’s fifty day simple moving average is C$0.15 and its 200 day simple moving average is C$0.17.

About Charlotte’s Web

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Charlotte's Web Holdings, Inc is involved in the farming, manufacture, marketing, and sale of hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, ReCreate, CBD Medic, CBD Clinic, and Harmony Hemp brands.

Further Reading

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