LQR House (NASDAQ:LQR) Shares Down 16.5% – Here’s What Happened

LQR House Inc. (NASDAQ:LQR) traded down 16.5% during mid-day trading on Friday . The company traded as low as $0.82 and last traded at $0.86. 207,104 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 291,820 shares. The stock had previously closed at $1.03.

LQR House Stock Performance

The company has a market capitalization of $6.04 million, a PE ratio of -0.61 and a beta of 5.06. The company’s 50-day simple moving average is $1.32 and its 200-day simple moving average is $0.91.

Insider Transactions at LQR House

In other LQR House news, CEO Sean Dollinger bought 28,700 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average price of $1.04 per share, for a total transaction of $29,848.00. Following the transaction, the chief executive officer now owns 77,243 shares of the company’s stock, valued at approximately $80,332.72. This trade represents a 59.12 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.60% of the company’s stock.

LQR House Company Profile

LQR House Inc provides digital marketing and brand development services for the alcoholic beverage business in the United States. Its primary business includes the development of limited batch spirit brands and marketing internal and external brands through its CWS Platform. The company serves individual consumers, wholesalers, and third-party alcohol brands.