Cronos Group (TSE:CRON) Trading 9% Higher – What’s Next?

Cronos Group Inc. (TSE:CRON)’s share price was up 9% during mid-day trading on Wednesday . The company traded as high as C$2.91 and last traded at C$2.91. Approximately 73,241 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 104,087 shares. The stock had previously closed at C$2.67.

Cronos Group Trading Down 2.4 %

The company has a quick ratio of 24.01, a current ratio of 28.29 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of C$1.07 billion, a PE ratio of -13.38, a P/E/G ratio of 0.12 and a beta of 1.02. The business’s fifty day moving average is C$2.82 and its 200-day moving average is C$2.96.

About Cronos Group

Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia, and Australia to drive further international cultivation and distribution growth.