Tilray Brands, Inc. (TSE:TLRY – Get Free Report) shares shot up 30.7% on Friday . The company traded as high as C$16.75 and last traded at C$15.15. 736,342 shares changed hands during mid-day trading, an increase of 156% from the average session volume of 287,974 shares. The stock had previously closed at C$11.59.
Tilray Brands Stock Performance
The business’s 50-day simple moving average is C$17.29 and its two-hundred day simple moving average is C$13.36. The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 10.76. The firm has a market cap of C$1.70 billion, a price-to-earnings ratio of -0.60 and a beta of 3.56.
About Tilray Brands
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.
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