RIV Capital (TSE:RIV) Trading Down 6.3% – What’s Next?

RIV Capital Inc. (TSE:RIV) shares dropped 6.3% during mid-day trading on Monday . The stock traded as low as C$1.42 and last traded at C$1.50. Approximately 544,175 shares were traded during trading, an increase of 35% from the average daily volume of 403,976 shares. The stock had previously closed at C$1.60.

RIV Capital Stock Down 6.3 %

The business’s fifty day moving average is C$1.50. The stock has a market capitalization of C$213.65 million and a PE ratio of -1.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 117.80 and a current ratio of 118.18.

RIV Capital (TSE:RIV) last released its earnings results on Wednesday, August 28th. The company reported C($0.08) EPS for the quarter. The business had revenue of C$5.18 million during the quarter. Sell-side analysts predict that RIV Capital Inc. will post 0.01 EPS for the current fiscal year.

About RIV Capital

RIV Capital Inc, formerly known as Canopy Rivers Inc, is a venture capital firm. The firm is a stage agnostic, with seed to sale, although it prefers to invest in series A to C rounds. It prefers to make investments in cannabis sector with focus on burgeoning marijuana companies and sectors like agriculture and food sciences, production, processing, pharmaceuticals and biotechnology, software and data, hardware, consumer products and accessories, wellness products, retail and distribution, and media and content.