Flora Growth Corp. (NASDAQ:FLGC – Get Free Report)’s stock price dropped 6.7% during mid-day trading on Monday . The company traded as low as $4.56 and last traded at $4.56. Approximately 5,644 shares were traded during trading, a decline of 86% from the average daily volume of 39,454 shares. The stock had previously closed at $4.8884.
Flora Growth Trading Down 5.6%
The company has a market cap of $4.85 million, a PE ratio of -0.14 and a beta of 1.90. The business has a fifty day moving average of $5.23 and a 200-day moving average of $6.98.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Flora Growth stock. Geode Capital Management LLC grew its position in shares of Flora Growth Corp. (NASDAQ:FLGC – Free Report) by 1.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 168,572 shares of the company’s stock after acquiring an additional 3,015 shares during the period. Geode Capital Management LLC owned about 29.16% of Flora Growth worth $98,000 at the end of the most recent quarter. 36.01% of the stock is owned by institutional investors and hedge funds.
Flora Growth Company Profile
Flora Growth Corp (NASDAQ: FLGC) is a vertically integrated cannabis and hemp company engaged in the cultivation, extraction, formulation and distribution of cannabinoid-based products. Its portfolio encompasses a broad range of offerings, including oils, vape cartridges, edibles, topicals and patent-pending delivery systems designed for both medical and wellness applications.
Founded in 2018, Flora Growth has established cultivation and processing operations in Uruguay’s greenhouse hubs, complemented by extraction and formulation laboratories in Florida.
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