Charlotte’s Web (TSE:CWEB) Shares Down 6.5% – What’s Next?

Charlotte’s Web Holdings, Inc. (TSE:CWEB) dropped 6.5% during mid-day trading on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 37,500 shares changed hands during trading, a decline of 9% from the average daily volume of 41,208 shares. The stock had previously closed at C$0.16.

Charlotte’s Web Trading Down 6.5 %

The company has a current ratio of 3.03, a quick ratio of 1.41 and a debt-to-equity ratio of 203.10. The company’s fifty day moving average is C$0.15 and its 200-day moving average is C$0.17. The firm has a market capitalization of C$16.08 million, a P/E ratio of -0.44 and a beta of 1.91.

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.