Canopy Rivers (CVE:RIV) Trading Up 8.1% – What’s Next?

by · The Markets Daily

Shares of Canopy Rivers Inc (CVE:RIV – Get Free Report) were up 8.1% on Tuesday . The company traded as high as C$2.61 and last traded at C$2.53. Approximately 984,044 shares changed hands during trading, an increase of 103% from the average daily volume of 485,227 shares. The stock had previously closed at C$2.34.

Canopy Rivers Price Performance

The business has a fifty day simple moving average of C$2.53 and a two-hundred day simple moving average of C$2.53. The company has a current ratio of 34.09, a quick ratio of 34.04 and a debt-to-equity ratio of 0.21. The stock has a market cap of C$474.50 million and a PE ratio of 72.29.

About Canopy Rivers

(Get Free Report)

Canopy Rivers Inc is a public investment firm. It prefers to make investments in cannabis sector with focus on burgeoning marijuana companies. It seeks to make minority stakes. The company is headquartered in Toronto, Canada.

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