Shares of SugarBud Craft Growers Corp (CVE:SUGR) were down 6.3% during mid-day trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.15, approximately 291,371 shares traded hands during trading. A decline of 85% from the average daily volume of 1,892,106 shares. The stock had previously closed at C$0.16.
Separately, Fundamental Research started coverage on SugarBud Craft Growers in a research report on Thursday, April 18th. They set a “buy” rating and a C$0.28 price objective on the stock.
The company has a quick ratio of 1.87, a current ratio of 2.02 and a debt-to-equity ratio of 0.81. The business’s 50-day moving average is C$0.17. The company has a market cap of $58.66 million and a price-to-earnings ratio of 0.08.
SugarBud Craft Growers Corp. engages in the development, acquisition, and production of cannabis in Canada. The company was formerly known as Relentless Resources Ltd. and changed its name to SugarBud Craft Growers Corp. in October 2018. The company is headquartered in Calgary, Alberta.
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