SNDL Inc. (NASDAQ:SNDL - Get Free Report) shares saw strong trading volume on Wednesday . 2,027,681 shares were traded during mid-day trading, an increase of 2% from the previous session's volume of 1,992,968 shares.The stock last traded at $1.92 and had previously closed at $1.75.
SNDL Price Performance
The firm has a market cap of $488.77 million, a P/E ratio of -6.00 and a beta of 3.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.61 and a quick ratio of 4.16. The company's 50-day moving average is $1.81 and its two-hundred day moving average is $1.97.
Institutional Trading of SNDL
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vontobel Holding Ltd. increased its stake in SNDL by 38.7% in the third quarter. Vontobel Holding Ltd. now owns 159,914 shares of the company's stock valued at $329,000 after acquiring an additional 44,579 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of SNDL by 5.0% in the 3rd quarter. Tidal Investments LLC now owns 6,510,961 shares of the company's stock valued at $13,413,000 after purchasing an additional 311,642 shares in the last quarter. Millennium Management LLC increased its stake in shares of SNDL by 138.7% in the 2nd quarter. Millennium Management LLC now owns 2,080,069 shares of the company's stock valued at $3,952,000 after purchasing an additional 1,208,556 shares during the last quarter. RMR Capital Management LLC acquired a new position in shares of SNDL during the 3rd quarter worth $103,000. Finally, SG Americas Securities LLC bought a new stake in shares of SNDL during the 3rd quarter worth $33,000.
SNDL Company Profile
(
Get Free Report)
SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.
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