Canopy Growth, Tilray, Cronos Group, BYND Cannasoft Enterprises, Gibraltar Industries, Aurora Cannabis, and Innovative Industrial Properties are the seven Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks are shares in companies that are involved in the cultivation, production, distribution, and sale of cannabis and cannabis-derived products. These stocks give investors exposure to the rapidly growing legal cannabis industry, which caters to both medicinal and recreational markets while facing unique regulatory and market volatility challenges. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.
Canopy Growth (CGC)
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.
CGC traded up $0.18 during midday trading on Wednesday, hitting $1.19. The stock had a trading volume of 5,267,857 shares, compared to its average volume of 6,716,458. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.58 and a current ratio of 3.52. The business has a fifty day moving average of $1.26 and a 200 day moving average of $2.73. The company has a market cap of $188.75 million, a P/E ratio of -0.31 and a beta of 0.92. Canopy Growth has a 1 year low of $0.77 and a 1 year high of $14.92.
Read Our Latest Research Report on CGC
Tilray (TLRY)
Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.
Shares of NASDAQ TLRY traded up $0.03 during midday trading on Wednesday, hitting $0.51. The stock had a trading volume of 11,227,589 shares, compared to its average volume of 29,353,289. Tilray has a 52 week low of $0.44 and a 52 week high of $2.52. The company has a market cap of $474.45 million, a P/E ratio of -1.69 and a beta of 1.88. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. The business's 50 day moving average is $0.70 and its 200-day moving average is $1.15.
Read Our Latest Research Report on TLRY
Cronos Group (CRON)
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.
CRON traded up $0.08 on Wednesday, hitting $1.80. The company had a trading volume of 1,758,260 shares, compared to its average volume of 1,467,817. The business's fifty day simple moving average is $1.87 and its 200 day simple moving average is $1.99. Cronos Group has a 12-month low of $1.60 and a 12-month high of $3.14. The company has a market cap of $691.81 million, a PE ratio of -13.81, a PEG ratio of 1.74 and a beta of 1.02.
Read Our Latest Research Report on CRON
BYND Cannasoft Enterprises (BCAN)
BCAN traded up $0.00 on Wednesday, hitting $0.03. The company had a trading volume of 93,926,579 shares, compared to its average volume of 49,023. BYND Cannasoft Enterprises has a 12-month low of $3.95 and a 12-month high of $25.84. The stock has a fifty day moving average price of $2.59 and a 200-day moving average price of $5.56.
Read Our Latest Research Report on BCAN
Gibraltar Industries (ROCK)
Gibraltar Industries, Inc. manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.
Shares of Gibraltar Industries stock traded down $1.20 on Wednesday, reaching $52.12. The company's stock had a trading volume of 46,922 shares, compared to its average volume of 209,938. Gibraltar Industries has a 52-week low of $48.96 and a 52-week high of $81.90. The stock has a 50-day moving average price of $60.91 and a 200-day moving average price of $64.18. The company has a market capitalization of $1.55 billion, a P/E ratio of 11.66 and a beta of 1.22.
Read Our Latest Research Report on ROCK
Aurora Cannabis (ACB)
Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
Aurora Cannabis stock traded up $0.19 during mid-day trading on Wednesday, reaching $4.42. 549,389 shares of the company's stock were exchanged, compared to its average volume of 2,192,469. Aurora Cannabis has a twelve month low of $3.42 and a twelve month high of $9.35. The company has a market cap of $248.63 million, a P/E ratio of 88.48 and a beta of 1.63. The company has a quick ratio of 1.60, a current ratio of 3.30 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $4.89 and a 200-day moving average of $4.76.
Read Our Latest Research Report on ACB
Innovative Industrial Properties (IIPR)
Innovative Industrial Properties stock traded up $0.89 during mid-day trading on Wednesday, reaching $51.37. 45,525 shares of the company were exchanged, compared to its average volume of 268,790. The company has a debt-to-equity ratio of 0.16, a quick ratio of 11.53 and a current ratio of 14.32. Innovative Industrial Properties has a twelve month low of $45.44 and a twelve month high of $138.35. The firm has a market cap of $1.46 billion, a PE ratio of 9.29 and a beta of 1.59. The firm's 50-day simple moving average is $65.08 and its two-hundred day simple moving average is $87.60.
Read Our Latest Research Report on IIPR
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