Vireo Growth (OTCMKTS:VREOD) Shares Up 9.1% – Here’s What Happened

Vireo Growth Inc (OTCMKTS:VREOD)’s stock price shot up 9.1% during mid-day trading on Tuesday . The company traded as high as $11.4760 and last traded at $11.37. Approximately 4,158 shares traded hands during trading, a decline of 53% from the average daily volume of 8,927 shares. The stock had previously closed at $10.42.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Vireo Growth to a “strong sell” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Vireo Growth Stock Performance

The company has a market capitalization of $466.69 million, a price-to-earnings ratio of -3.12 and a beta of 1.44. The stock’s 50 day moving average price is $12.37 and its 200 day moving average price is $14.13. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.70.

About Vireo Growth

Vireo Growth is a cannabis-focused company that develops and operates licensed cannabis cultivation, processing, and retail businesses in the United States. The company’s activities generally center on producing and distributing cannabis products for both medical and adult-use markets, depending on the laws of the states in which it operates.

Vireo Growth has pursued a multi-state strategy, with operations historically concentrated in select U.S. markets where cannabis is legal under state law.