Canopy Growth Corp (TSE:WEED) Director Sells C$11,557.47 in Stock

Canopy Growth Corp (TSE:WEED) Director David Angelo Lazzarato sold 3,006 shares of Canopy Growth stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$3.84, for a total transaction of C$11,557.47.

Canopy Growth Stock Performance

WEED stock opened at C$4.13 on Wednesday. The firm has a 50 day moving average of C$5.09 and a two-hundred day moving average of C$6.96. Canopy Growth Corp has a 12 month low of C$3.74 and a 12 month high of C$20.50. The company has a market capitalization of C$350.47 million, a price-to-earnings ratio of -0.52, a P/E/G ratio of -0.01 and a beta of 1.79. The company has a quick ratio of 2.32, a current ratio of 2.15 and a debt-to-equity ratio of 117.00.

Analyst Upgrades and Downgrades

Separately, ATB Capital lowered Canopy Growth from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from C$6.00 to C$4.00 in a report on Tuesday, December 17th.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.