MediPharm Labs (TSE:LABS) Reaches New 1-Year Low – Here’s Why

MediPharm Labs Corp. (TSE:LABSGet Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.07, with a volume of 659415 shares traded. The stock had previously closed at C$0.07.

MediPharm Labs Price Performance

The stock has a market cap of C$26.72 million, a P/E ratio of -1.63 and a beta of 0.88. The company has a quick ratio of 3.10, a current ratio of 3.11 and a debt-to-equity ratio of 5.90. The business has a 50-day simple moving average of C$0.07 and a 200-day simple moving average of C$0.07.

About MediPharm Labs

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MediPharm Labs Corp., a pharmaceutical company, produces and sells pharmaceutical-quality cannabis oil and concentrates, and advanced derivative products in Canada and internationally. The company formulates, processes, packages, and distributes cannabis extracts and advanced cannabinoid-based products.

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