Shares of Tilray Brands, Inc. (TSE:TLRY – Get Free Report) were down 12.6% on Friday . The company traded as low as C$2.54 and last traded at C$2.57. Approximately 4,605,604 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 2,748,626 shares. The stock had previously closed at C$2.94.
Tilray Brands Stock Down 18.7%
The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 10.76. The business has a 50-day simple moving average of C$1.72 and a 200-day simple moving average of C$1.05. The stock has a market cap of C$2.68 billion, a P/E ratio of -0.99 and a beta of 3.88.
Tilray Brands Company Profile
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.
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