Flowr Corp (CVE:FLWR) was down 1.5% during mid-day trading on Tuesday . The stock traded as low as C$3.33 and last traded at C$3.38, approximately 67,266 shares were traded during mid-day trading. A decline of 70% from the average daily volume of 221,637 shares. The stock had previously closed at C$3.43.
Separately, Jefferies Financial Group downgraded Flowr from a “buy” rating to a “hold” rating and raised their target price for the company from C$5.70 to C$7.30 in a research note on Friday, May 3rd.
The company has a current ratio of 2.54, a quick ratio of 2.14 and a debt-to-equity ratio of 23.64. The stock has a fifty day moving average price of C$4.92. The firm has a market capitalization of $351.37 million and a PE ratio of -13.39.
About Flowr (CVE:FLWR)
The Flowr Corporation cultivates and produces medicinal cannabis in Canada. The company is based in Lake Country, Canada.
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