SugarBud Craft Growers (CVE:SUGR) Stock Price Down 11.7% – Time to Sell?

SugarBud Craft Growers Corp. (CVE:SUGRGet Free Report) traded down 11.7% during mid-day trading on Monday . The stock traded as low as C$11.04 and last traded at C$11.04. 300 shares were traded during mid-day trading, an increase of 41% from the average session volume of 213 shares. The stock had previously closed at C$12.50.

SugarBud Craft Growers Price Performance

The business has a 50-day moving average price of C$11.92 and a 200 day moving average price of C$12.20. The company has a market cap of C$264.81 million, a price-to-earnings ratio of 12.47 and a beta of 2.77. The company has a current ratio of 1.48, a quick ratio of 0.03 and a debt-to-equity ratio of 157.27.

About SugarBud Craft Growers

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SugarBud Craft Growers Corp. engages in the development, production, distribution, and sale of cannabis products in Canada. It offers cannabis extract, edible, and topical products through distributors and retailers, as well as to registered medical patients through CannMart.com. The company was formerly known as Relentless Resources Ltd. and changed its name to SugarBud Craft Growers Corp. in October 2018. SugarBud Craft Growers Corp. is headquartered in Calgary, Canada.

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