Auxly Cannabis Group (TSE:XLY) Trading Down 6.5%

Auxly Cannabis Group Inc. (TSE:XLYGet Rating) shares traded down 6.5% during trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.15. 96,749 shares were traded during trading, a decline of 91% from the average session volume of 1,125,672 shares. The stock had previously closed at C$0.16.

Separately, ATB Capital cut their price target on Auxly Cannabis Group to C$0.40 and set an “outperform” rating on the stock in a research report on Thursday, April 7th.

The company has a market cap of C$131.20 million and a price-to-earnings ratio of -3.60. The firm has a 50-day simple moving average of C$0.15 and a 200 day simple moving average of C$0.18. The company has a quick ratio of 0.86, a current ratio of 2.24 and a debt-to-equity ratio of 91.35.

Auxly Cannabis Group Company Profile (TSE:XLY)

Auxly Cannabis Group Inc operates as a consumer-packaged goods company in the cannabis products market in Canada. The company focuses on developing, manufacturing, and distributing cannabis products for wellness and recreational consumers. It offers cannabis products under various forms, including vape catridges, dried flower, concentrates, chocolates, soft chews, oil drops, capsules, topicals, and hard candy under the brands KOLAB PROJECT, Dosecann, BACK FORTY, and Foray.

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