Charlotte’s Web (TSE:CWEB) Stock Price Down 10.5% – Should You Sell?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) dropped 10.5% on Monday . The company traded as low as C$0.17 and last traded at C$0.17. Approximately 46,777 shares changed hands during trading, a decline of 18% from the average daily volume of 56,851 shares. The stock had previously closed at C$0.19.

Charlotte’s Web Trading Down 10.5 %

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 stock has a 50-day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.21. The firm has a market capitalization of C$26.78 million, a P/E ratio of -0.43 and a beta of 1.91.

About Charlotte’s Web

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.