MediPharm Labs (TSE:LABS) Sets New 52-Week Low – Here’s Why

MediPharm Labs Corp. (TSE:LABSGet Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.06 and last traded at C$0.07, with a volume of 206733 shares changing hands. The stock had previously closed at C$0.07.

MediPharm Labs Price Performance

The company has a debt-to-equity ratio of 5.90, a quick ratio of 3.10 and a current ratio of 3.11. The stock’s fifty day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.07. The stock has a market capitalization of C$26.72 million, a P/E ratio of -1.63 and a beta of 0.88.

MediPharm Labs Company Profile

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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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