Charlotte’s Web (TSE:CWEB) Stock Price Up 20.6% – Here’s What Happened

Charlotte’s Web Holdings, Inc. (TSE:CWEB)’s stock price was up 20.6% on Thursday . The company traded as high as C$0.50 and last traded at C$0.48. 123,845 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 172,012 shares. The stock had previously closed at C$0.40.

Charlotte’s Web Trading Up 20.0%

The company’s 50-day moving average is C$0.64 and its 200-day moving average is C$0.69. The company has a debt-to-equity ratio of -431.59, a quick ratio of 1.41 and a current ratio of 3.35. The firm has a market cap of C$129.86 million, a price-to-earnings ratio of -2.09 and a beta of 0.77.

Charlotte’s Web (TSE:CWEB) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C($0.11) earnings per share for the quarter. Charlotte’s Web had a negative net margin of 74.93% and a negative return on equity of 2,056.41%. The company had revenue of C$11.16 million during the quarter. On average, research analysts predict that Charlotte’s Web Holdings, Inc. will post 0.0028902 earnings per share for the current year.

About Charlotte’s Web

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.