SugarBud Craft Growers (CVE:SUGR) Shares Up 10.2% – Should You Buy?

SugarBud Craft Growers Corp. (CVE:SUGRGet Free Report) rose 10.2% during mid-day trading on Friday . The stock traded as high as C$9.00 and last traded at C$9.00. Approximately 7,005 shares were traded during trading, an increase of 697% from the average session volume of 879 shares. The stock had previously closed at C$8.17.

SugarBud Craft Growers Trading Up 10.2%

The firm has a market capitalization of C$216.62 million, a PE ratio of 6.43 and a beta of 2.77. The company has a quick ratio of 0.03, a current ratio of 1.48 and a debt-to-equity ratio of 157.27. The stock’s fifty day simple moving average is C$11.38 and its 200 day simple moving average is C$11.70.

SugarBud Craft Growers Company Profile

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SugarBud Craft Growers Corp. engages in the development, production, distribution, and sale of cannabis products in Canada. It offers cannabis extract, edible, and topical products through distributors and retailers, as well as to registered medical patients through CannMart.com. The company was formerly known as Relentless Resources Ltd. and changed its name to SugarBud Craft Growers Corp. in October 2018. SugarBud Craft Growers Corp. is headquartered in Calgary, Canada.

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