Charlotte’s Web (TSE:CWEB) Stock Price Down 6.7% – Here’s What Happened

Shares of Charlotte’s Web Holdings, Inc. (TSE:CWEB) were down 6.7% on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 49,000 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 55,071 shares. The stock had previously closed at C$0.15.

Charlotte’s Web Stock Down 6.7 %

The company has a market cap of C$22.05 million, a P/E ratio of -0.35 and a beta of 1.91. The company has a quick ratio of 1.41, a current ratio of 3.08 and a debt-to-equity ratio of 168.27. The business’s 50 day moving average is C$0.18 and its 200 day moving average is C$0.20.

About Charlotte’s Web

Charlotte's Web Holdings, Inc is involved in the farming, manufacture, marketing, and sale of hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, ReCreate, CBD Medic, CBD Clinic, and Harmony Hemp brands.