Cronos Group (TSE:CRON) Shares Down 2.5% – Here’s Why

Cronos Group Inc. (TSE:CRON)’s stock price traded down 2.5% during mid-day trading on Wednesday . The company traded as low as C$2.72 and last traded at C$2.72. 143,031 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 155,010 shares. The stock had previously closed at C$2.79.

Cronos Group Stock Up 3.0 %

The company has a market capitalization of C$1.07 billion, a price-to-earnings ratio of -13.29, a PEG ratio of 0.12 and a beta of 1.02. The company has a current ratio of 28.29, a quick ratio of 24.01 and a debt-to-equity ratio of 0.19. The firm’s 50 day simple moving average is C$2.92 and its 200-day simple moving average is C$3.07.

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.