MediPharm Labs (TSE:LABS) Trading 7.7% Higher – Still a Buy?

MediPharm Labs Corp. (TSE:LABSGet Free Report)’s share price was up 7.7% on Wednesday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 187,500 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 214,411 shares. The stock had previously closed at C$0.07.

MediPharm Labs Trading Up 15.4 %

The company has a 50 day moving average of C$0.07 and a two-hundred day moving average of C$0.07. The stock has a market capitalization of C$30.83 million, a PE ratio of -1.88 and a beta of 0.88. The company has a debt-to-equity ratio of 5.90, a quick ratio of 3.10 and a current ratio of 3.11.

About MediPharm Labs

(Get Free Report)

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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