Emerald Health Therapeutics (CVE:EMH) Stock Price Down 3.8% – Here’s Why

Emerald Health Therapeutics, Inc. (CVE:EMHGet Free Report) shares were down 3.8% during mid-day trading on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.26. Approximately 384,329 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 644,760 shares. The stock had previously closed at C$0.27.

Emerald Health Therapeutics Stock Performance

The business’s 50-day moving average price is C$0.26 and its 200-day moving average price is C$0.26. The stock has a market cap of C$52.28 million and a PE ratio of -0.37. The company has a current ratio of 2.97, a quick ratio of 2.61 and a debt-to-equity ratio of 35.45.

Emerald Health Therapeutics Company Profile

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Emerald Health Therapeutics, Inc, together with its subsidiaries, produces and sells medical cannabis for medical purpose in Canada. The company is also involved in developing natural health products. It offers dried cannabis strains, pre-rolls, and cannabis oil products to its medical patients. The company was formerly known as T-Bird Pharma Inc and changed its name to Emerald Health Therapeutics, Inc in June 2015.

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