Cannabis Stocks To Keep An Eye On – November 4th

Tilray Brands, Trulieve Cannabis, and Aurora Cannabis 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 related services of cannabis and cannabis-derived products. For stock market investors, they represent an opportunity to gain exposure to the cannabis industry but often carry heightened risks due to regulatory uncertainty, changing laws, market volatility, and competition. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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 NASDAQ:TLRY traded up $0.32 during trading on Wednesday, reaching $2.96. The stock had a trading volume of 5,435,556 shares, compared to its average volume of 4,235,795. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.11 and a current ratio of 1.88. Tilray Brands has a 1-year low of $2.48 and a 1-year high of $15.70. The stock has a market cap of $438.20 million, a PE ratio of -2.12 and a beta of 2.04. The business has a fifty day moving average price of $3.70 and a 200-day moving average price of $5.44.

Read Our Latest Research Report on TLRY

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 NYSE:TRLV traded down $0.23 during midday trading on Wednesday, hitting $11.31. 1,119,501 shares of the stock were exchanged, compared to its average volume of 971,602. Trulieve Cannabis has a twelve month low of $4.62 and a twelve month high of $13.28. The firm has a 50 day simple moving average of $11.20. The company has a market capitalization of $2.18 billion and a PE ratio of 102.76. The company has a current ratio of 5.94, a quick ratio of 3.98 and a debt-to-equity ratio of 0.45.

Read Our Latest Research Report on TRLV

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.

Shares of ACB stock traded up $0.03 during mid-day trading on Wednesday, reaching $5.18. The company’s stock had a trading volume of 1,615,782 shares, compared to its average volume of 1,148,947. The company has a market cap of $340.76 million, a P/E ratio of -3.67 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.80 and a current ratio of 5.36. Aurora Cannabis has a 1-year low of $2.56 and a 1-year high of $6.36. The firm’s 50-day moving average is $4.07 and its two-hundred day moving average is $3.55.

Read Our Latest Research Report on ACB

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