Charlotte’s Web (TSE:CWEB) Stock Price Up 17.1% – Here’s What Happened

Charlotte’s Web Holdings, Inc. (TSE:CWEB) shares were up 17.1% during trading on Tuesday . The stock traded as high as C$0.91 and last traded at C$0.89. Approximately 560,827 shares changed hands during trading, an increase of 270% from the average daily volume of 151,498 shares. The stock had previously closed at C$0.76.

Charlotte’s Web Price Performance

The company has a quick ratio of 1.41, a current ratio of 3.03 and a debt-to-equity ratio of 203.10. The firm’s fifty day moving average price is C$0.45 and its two-hundred day moving average price is C$0.27. The stock has a market capitalization of C$141.88 million, a PE ratio of -6.36 and a beta of 2.17.

Charlotte’s Web (TSE:CWEB) last announced its earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$16.02 million for the quarter. Charlotte’s Web had a negative net margin of 66.35% and a negative return on equity of 83.34%. On average, equities analysts predict that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current year.

About Charlotte’s Web

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.