Top Cannabis Stocks To Keep An Eye On – November 3rd

Aurora Cannabis, Trulieve Cannabis, and Tilray Brands are the three Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies involved in the cultivation, processing, distribution, retail, or supporting services of cannabis and cannabis-derived products. For investors, these stocks may offer exposure to the expanding cannabis industry but can also carry significant risks, including regulatory uncertainty, legal restrictions, market volatility, and financial challenges. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Aurora Cannabis (ACB)

Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.

Aurora Cannabis stock traded up $0.83 on Tuesday, hitting $5.05. The company’s stock had a trading volume of 4,926,204 shares, compared to its average volume of 1,126,941. The firm has a market cap of $332.21 million, a P/E ratio of -3.59 and a beta of 0.63. The company has a quick ratio of 2.80, a current ratio of 5.36 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $4.05 and a 200-day moving average price of $3.55. Aurora Cannabis has a one year low of $2.56 and a one year high of $6.36.

Read Our Latest Research Report on ACB

Trulieve Cannabis (TRLV)

Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company. The company cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, California, Massachusetts, Connecticut, Pennsylvania, and West Virginia, as well as directly to patients through home delivery.

Shares of TRLV stock traded up $0.47 during mid-day trading on Tuesday, reaching $11.57. The company’s stock had a trading volume of 676,298 shares, compared to its average volume of 968,426. The firm’s 50-day moving average is $11.20. The company has a market capitalization of $2.23 billion and a P/E ratio of 105.34. Trulieve Cannabis has a 1-year low of $4.62 and a 1-year high of $13.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.98 and a current ratio of 5.94.

Read Our Latest Research Report on TRLV

Tilray Brands (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

Shares of Tilray Brands stock traded up $0.10 during trading on Tuesday, hitting $2.65. 2,732,080 shares of the company’s stock traded hands, compared to its average volume of 4,221,398. The company has a market cap of $390.90 million, a PE ratio of -1.90 and a beta of 1.91. The firm’s fifty day moving average price is $3.74 and its 200 day moving average price is $5.47. Tilray Brands has a twelve month low of $2.48 and a twelve month high of $15.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.88 and a quick ratio of 1.11.

Read Our Latest Research Report on TLRY

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