Charlotte’s Web (TSE:CWEB) Trading 3.8% Higher – Here’s What Happened

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s stock price shot up 3.8% on Thursday . The stock traded as high as C$0.42 and last traded at C$0.41. 67,880 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 155,554 shares. The stock had previously closed at C$0.40.

Charlotte’s Web Price Performance

The firm has a market capitalization of C$110.93 million, a PE ratio of -1.78 and a beta of 0.80. The firm’s fifty day moving average price is C$0.41 and its 200 day moving average price is C$0.68. The company has a current ratio of 3.35, a quick ratio of 1.41 and a debt-to-equity ratio of -431.59.

Charlotte’s Web (TSE:CWEB) last posted its earnings results on Thursday, August 13th. The company reported C($0.03) EPS for the quarter. The company had revenue of C$15.42 million for the quarter. Charlotte’s Web had a negative return on equity of 2,056.41% and a negative net margin of 74.93%. As a group, equities analysts forecast that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current year.

About Charlotte’s Web

Charlotte’s Web Holdings, Inc, a Certified B Corporation headquartered in Louisville, Colorado, is a botanical wellness innovation company and a market leader in hemp extract wellness that includes Charlotte’s Web whole-plant full-spectrum CBD extracts as well as broad-spectrum CBD and cannabinoid isolates. The Company’s hemp extracts have naturally occurring botanical compounds including cannabidiol (‘CBD’), CBN, CBC, CBG, THC, terpenes, flavonoids, and other beneficial compounds. Charlotte’s Web product categories include CBD oil tinctures (liquid products), CBD gummies (sleep, calming, exercise recovery, immunity), CBN gummies, hemp-derived THC microdose gummies, functional mushroom gummies, CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs.