Cannabis Wheaton Income (OTCMKTS:CBWTF) Shares Down 5.8% – Time to Sell?

Cannabis Wheaton Income Corp. (OTCMKTS:CBWTF)’s share price dropped 5.8% during trading on Thursday. The company traded as low as $2.48 and last traded at $2.4995. 42,811 shares traded hands during mid-day trading, an increase of 74% from the average daily volume of 24,612 shares. The stock had previously closed at $2.6520.

Cannabis Wheaton Income Trading Down 5.8%

The company has a 50-day moving average price of $2.43 and a two-hundred day moving average price of $0.72. The stock has a market cap of $258.12 million, a P/E ratio of 13.15 and a beta of 1.46. The company has a current ratio of 2.23, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21.

Cannabis Wheaton Income (OTCMKTS:CBWTF) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter. Cannabis Wheaton Income had a return on equity of 18.36% and a net margin of 19.74%.

About Cannabis Wheaton Income

Cannabis Wheaton Income Corp. was a Canada-based cannabis company that provided capital, operational support and industry expertise to cannabis producers in exchange for rights to a portion of their future production. The company focused on developing a portfolio of cannabis cultivation and processing partnerships rather than operating solely as a traditional producer.

Its business activities included financing cannabis projects, supporting cultivation and production infrastructure, and helping partner companies with commercialization and distribution.