Aphria (TSE:APHA) Trading Down 5.6% – Here’s Why

Aphria Inc. (TSE:APHAGet Free Report)’s share price dropped 5.6% during mid-day trading on Monday . The stock traded as low as C$16.41 and last traded at C$16.55. Approximately 9,609,357 shares were traded during trading, an increase of 56% from the average daily volume of 6,161,365 shares. The stock had previously closed at C$17.53.

Aphria Stock Performance

The company has a debt-to-equity ratio of 59.29, a current ratio of 3.37 and a quick ratio of 1.63. The company has a market cap of C$5.24 billion and a PE ratio of -8.23. The company has a 50 day simple moving average of C$16.55.

Aphria Company Profile

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Aphria Inc cultivates, processes, produces, markets, distributes, and sells medical cannabis in Canada and internationally. The company offers pharmaceutical-grade medical cannabis, adult-use cannabis, and cannabis-derived extracts and derivative cannabis products under the Solei, RIFF, Good Supply, Aphria, P'tite Pof, and Broken Coast brands.

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