SugarBud Craft Growers (CVE:SUGR) Stock Price Down 6.3%
SugarBud Craft Growers Corp (CVE:SUGR) was down 6.3% during mid-day trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.15, approximately 291,371 shares changed hands during trading. A decline of 85% from the average daily volume of 1,892,106 shares. The stock had previously closed at C$0.16.
Separately, Fundamental Research started coverage on SugarBud Craft Growers in a research report on Thursday, April 18th. They set a “buy” rating and a C$0.28 target price on the stock.
The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.87 and a current ratio of 2.02. The company has a market capitalization of $58.66 million and a price-to-earnings ratio of 0.08. The stock’s 50-day simple moving average is C$0.17.
SugarBud Craft Growers Corp. engages in the development, acquisition, and production of cannabis in Canada. The company was formerly known as Relentless Resources Ltd. and changed its name to SugarBud Craft Growers Corp. in October 2018. The company is headquartered in Calgary, Alberta.
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