TerrAscend (OTCMKTS:TSNDF) Trading Down 1.1% – Should You Sell?

TerrAscend Corp. (OTCMKTS:TSNDF)’s share price dropped 1.1% during trading on Tuesday . The stock traded as low as $0.73 and last traded at $0.77. Approximately 182,800 shares were traded during trading, a decline of 47% from the average daily volume of 342,497 shares. The stock had previously closed at $0.78.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded TerrAscend to a “strong-buy” rating in a report on Friday, August 9th.

TerrAscend Stock Performance

The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.69 and a current ratio of 1.35. The company’s 50 day moving average is $1.03 and its 200-day moving average is $1.25.

About TerrAscend

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names.