Tilray Brands (TSE:TLRY) Stock Price Down 10.4% – Here’s Why

Tilray Brands, Inc. (TSE:TLRYGet Free Report) shares were down 10.4% during mid-day trading on Monday . The stock traded as low as C$1.20 and last traded at C$1.21. Approximately 735,636 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 1,605,869 shares. The stock had previously closed at C$1.35.

Tilray Brands Stock Performance

The company has a debt-to-equity ratio of 10.76, a current ratio of 2.54 and a quick ratio of 2.16. The company has a 50 day simple moving average of C$1.68 and a 200-day simple moving average of C$2.03. The firm has a market cap of C$786.13 million, a PE ratio of -2.95 and a beta of 2.19.

Tilray Brands Company Profile

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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.

Further Reading

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