Charlotte’s Web Holdings, Inc. (TSE:CWEB – Get Free Report) shares dropped 11% on Tuesday . The company traded as low as C$0.65 and last traded at C$0.65. Approximately 136,102 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 199,520 shares. The stock had previously closed at C$0.73.
Charlotte’s Web Trading Down 11.0%
The stock has a market capitalization of C$104.35 million, a PE ratio of -3.42 and a beta of 1.64. The company has a quick ratio of 1.41, a current ratio of 3.51 and a debt-to-equity ratio of -3,161.11. The business’s 50-day moving average is C$0.92 and its two-hundred day moving average is C$0.59.
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.
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