Charlotte’s Web (TSE:CWEB) Trading 16.7% Higher – Should You Buy?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) was up 16.7% on Tuesday . The stock traded as high as C$0.92 and last traded at C$0.91. Approximately 87,388 shares traded hands during trading, a decline of 54% from the average daily volume of 188,870 shares. The stock had previously closed at C$0.78.

Charlotte’s Web Trading Up 12.8%

The company has a current ratio of 3.89, a quick ratio of 1.41 and a debt-to-equity ratio of 678.86. The stock has a 50-day simple moving average of C$0.78 and a two-hundred day simple moving average of C$0.42. The firm has a market capitalization of C$140.29 million, a P/E ratio of -6.29 and a beta of 1.89.

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.