Delta 9 Cannabis (NINE) Trading Down 7.4%

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Delta 9 Cannabis Inc (CVE:NINE)’s share price dropped 7.4% during mid-day trading on Friday . The company traded as low as C$1.60 and last traded at C$1.62. Approximately 214,299 shares were traded during trading, an increase of 57% from the average daily volume of 136,274 shares. The stock had previously closed at C$1.75.

The firm has a market capitalization of $145.42 million and a PE ratio of -10.83. The company has a quick ratio of 18.99, a current ratio of 22.81 and a debt-to-equity ratio of 0.13.

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About Delta 9 Cannabis (CVE:NINE)

Delta 9 Cannabis Inc engages in the production and sale of medical cannabis products. Its products include strains, clones, and LP starting materials. The company also operates a medical clinic that provides physician consultation services to patients seeking a medical recommendation. In addition, the company offers integra boost for preserving the smell of the flowers.

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