MediPharm Labs (TSE:LABS) Trading 7.1% Higher – Here’s What Happened

MediPharm Labs Corp. (TSE:LABSGet Free Report)’s share price rose 7.1% during trading on Tuesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 123,212 shares changed hands during trading, a decline of 66% from the average daily volume of 362,070 shares. The stock had previously closed at C$0.07.

MediPharm Labs Price Performance

The firm has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.07. The company has a current ratio of 3.21, a quick ratio of 3.10 and a debt-to-equity ratio of 1.45. The company has a market capitalization of C$35.27 million, a P/E ratio of -2.93 and a beta of 0.88.

MediPharm Labs Company Profile

(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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