Delta 9 Cannabis (CVE:NINE) Shares Up 3% – Still a Buy?

Delta 9 Cannabis Inc (CVE:NINE) shot up 3% during trading on Tuesday . The stock traded as high as C$1.13 and last traded at C$1.03. 68,728 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 117,300 shares. The stock had previously closed at C$1.00.

Delta 9 Cannabis Trading Up 3.0 %

The company has a 50 day moving average of C$1.03 and a 200 day moving average of C$1.03. The company has a debt-to-equity ratio of 33.00, a quick ratio of 2.04 and a current ratio of 4.44. The stock has a market capitalization of C$89.36 million and a price-to-earnings ratio of 19.07.

About Delta 9 Cannabis

Delta 9 Cannabis Inc operates as an integrated cannabis company. The company, through its subsidiary, Delta 9 Bio-Tech Inc, engages in the production of medical marijuana. It primarily provides cannabis strains, as well as start-up materials and support services, including genetics (plants), grow pods, and consulting services to new and existing licensed producers.