Vireo Growth (OTCMKTS:VREOD) Sees Large Volume Increase – Here’s What Happened

Shares of Vireo Growth Inc (OTCMKTS:VREOD) saw unusually-strong trading volume on Monday . 9,775 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 8,809 shares.The stock last traded at $11.04 and had previously closed at $11.10.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Vireo Growth to a “strong sell” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Vireo Growth Stock Down 4.5%

The stock has a market cap of $480.15 million, a P/E ratio of -3.21 and a beta of 1.44. The company’s fifty day moving average price is $12.40 and its 200-day moving average price is $14.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.84 and a current ratio of 1.20.

Vireo Growth Company Profile

Vireo Growth is a cannabis-focused company that develops and operates licensed cannabis cultivation, processing, and retail businesses in the United States. The company’s activities generally center on producing and distributing cannabis products for both medical and adult-use markets, depending on the laws of the states in which it operates.

Vireo Growth has pursued a multi-state strategy, with operations historically concentrated in select U.S. markets where cannabis is legal under state law.