MediPharm Labs (TSE:LABS) Hits New 12-Month Low – Here’s Why

Shares of MediPharm Labs Corp. (TSE:LABSGet Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 178824 shares trading hands. The stock had previously closed at C$0.07.

MediPharm Labs Stock Performance

The company has a current ratio of 3.11, a quick ratio of 3.10 and a debt-to-equity ratio of 5.90. The stock has a market capitalization of C$24.66 million, a P/E ratio of -1.50 and a beta of 0.88. The company’s fifty day simple moving average is C$0.07 and its 200 day simple moving average is C$0.07.

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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