Shares of IM Cannabis Corp. (NASDAQ:IMCC – Get Free Report) dropped 6.6% during mid-day trading on Thursday . The company traded as low as $2.11 and last traded at $2.27. Approximately 33,448 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 21,165 shares. The stock had previously closed at $2.43.
IM Cannabis Stock Performance
The stock has a 50-day moving average price of $2.58 and a 200 day moving average price of $2.49. The company has a quick ratio of 0.59, a current ratio of 0.70 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $5.06 million, a price-to-earnings ratio of -0.67 and a beta of 1.05.
About IM Cannabis
IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.
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