Canopy Rivers (CVE:RIV) Stock Price Up 8.1% – Here’s What Happened

Canopy Rivers Inc (CVE:RIV)’s stock price rose 8.1% during mid-day trading on Wednesday . The company traded as high as C$2.61 and last traded at C$2.53. Approximately 984,044 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 485,227 shares. The stock had previously closed at C$2.34.

Canopy Rivers Stock Up 8.1 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 34.09 and a quick ratio of 34.04. The firm has a market capitalization of C$474.50 million and a P/E ratio of 72.29. The business has a 50 day moving average price of C$2.53 and a 200 day moving average price of C$2.53.

Canopy Rivers Company Profile

Canopy Rivers Inc is a public investment firm. It prefers to make investments in cannabis sector with focus on burgeoning marijuana companies. It seeks to make minority stakes. The company is headquartered in Toronto, Canada.