SugarBud Craft Growers (CVE:SUGR) Trading 10.2% Higher – What’s Next?

SugarBud Craft Growers Corp. (CVE:SUGRGet Free Report)’s stock price was up 10.2% on Friday . The company traded as high as C$9.00 and last traded at C$9.00. 7,005 shares were traded during mid-day trading, an increase of 697% from the average session volume of 879 shares. The stock had previously closed at C$8.17.

SugarBud Craft Growers Stock Performance

The stock’s 50 day simple moving average is C$11.38 and its two-hundred day simple moving average is C$11.70. The company has a market capitalization of C$216.62 million, a P/E ratio of 6.43 and a beta of 2.77. The company has a debt-to-equity ratio of 157.27, a current ratio of 1.48 and a quick ratio of 0.03.

SugarBud Craft Growers Company Profile

(Get Free Report)

SugarBud Craft Growers Corp. engages in the development, production, distribution, and sale of cannabis products in Canada. It offers cannabis extract, edible, and topical products through distributors and retailers, as well as to registered medical patients through CannMart.com. The company was formerly known as Relentless Resources Ltd. and changed its name to SugarBud Craft Growers Corp. in October 2018. SugarBud Craft Growers Corp. is headquartered in Calgary, Canada.

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