Cronos Group (TSE:CRON) Stock Price Down 2.1% – Here’s Why

Cronos Group Inc. (TSE:CRON) traded down 2.1% during mid-day trading on Thursday . The company traded as low as C$2.82 and last traded at C$2.83. 24,746 shares changed hands during trading, a decline of 81% from the average session volume of 128,628 shares. The stock had previously closed at C$2.89.

Cronos Group Trading Down 2.1 %

The company has a market cap of C$1.08 billion, a price-to-earnings ratio of -13.48, a PEG ratio of 0.12 and a beta of 1.02. The business’s 50 day moving average price is C$2.88 and its 200-day moving average price is C$3.02. The company has a current ratio of 28.29, a quick ratio of 24.01 and a debt-to-equity ratio of 0.19.

About Cronos Group

Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.