Delta 9 Cannabis (TSE:DN) Stock Price Down 33.3%

Delta 9 Cannabis Inc. (TSE:DN)’s stock price was down 33.3% on Thursday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 312,100 shares changed hands during trading, a decline of 60% from the average daily volume of 777,782 shares. The stock had previously closed at C$0.02.

Delta 9 Cannabis Price Performance

The business’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02. The stock has a market cap of C$4.58 million, a price-to-earnings ratio of -0.15 and a beta of 1.34. The company has a debt-to-equity ratio of 2,156.19, a quick ratio of 0.14 and a current ratio of 0.30.

Delta 9 Cannabis (TSE:DN) last released its earnings results on Monday, April 1st. The company reported C($0.02) EPS for the quarter. Delta 9 Cannabis had a negative net margin of 27.74% and a negative return on equity of 29,673.63%. The business had revenue of C$17.48 million for the quarter. Research analysts predict that Delta 9 Cannabis Inc. will post -0.08 EPS for the current fiscal year.

Delta 9 Cannabis Company Profile

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.