Charlotte’s Web (TSE:CWEB) Shares Down 3.2% – Here’s What Happened

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) traded down 3.2% during mid-day trading on Friday . The company traded as low as C$0.15 and last traded at C$0.15. 4,060 shares traded hands during trading, a decline of 87% from the average session volume of 32,096 shares. The stock had previously closed at C$0.16.

Charlotte’s Web Price Performance

The firm has a market capitalization of C$23.63 million, a P/E ratio of -0.38 and a beta of 1.91. The company has a current ratio of 3.08, a quick ratio of 1.41 and a debt-to-equity ratio of 168.27. The firm has a 50 day moving average price of C$0.16 and a 200-day moving average price of C$0.18.

Charlotte’s Web Company Profile

Charlotte's Web Holdings, Inc is involved in the farming, manufacture, marketing, and sale of hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, ReCreate, CBD Medic, CBD Clinic, and Harmony Hemp brands.