Hexo (TSE:HEXO) Shares Up 1.2%

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Hexo Corp (TSE:HEXO)’s stock price traded up 1.2% during trading on Friday . The stock traded as high as C$0.88 and last traded at C$0.87. 1,275,643 shares were traded during mid-day trading, a decline of 69% from the average session volume of 4,065,760 shares. The stock had previously closed at C$0.86.

HEXO has been the subject of a number of recent analyst reports. MKM Partners raised their price objective on Hexo from C$1.00 to C$1.10 in a research note on Friday, June 12th. Stifel Nicolaus increased their target price on Hexo from C$0.55 to C$1.10 in a research note on Friday, June 12th. Eight Capital cut their price target on shares of Hexo from C$1.15 to C$0.90 in a report on Friday, June 12th. CIBC raised their price objective on shares of Hexo from C$0.75 to C$1.00 in a report on Friday, June 12th. Finally, Jefferies Financial Group upped their target price on shares of Hexo from C$0.50 to C$0.75 in a research note on Wednesday, June 17th.

The firm’s 50 day simple moving average is C$0.94 and its 200 day simple moving average is C$0.94. The company has a market cap of $418.23 million and a price-to-earnings ratio of -0.55. The company has a quick ratio of 2.80, a current ratio of 5.82 and a debt-to-equity ratio of 19.81.

About Hexo (TSE:HEXO)

HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names.

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