TerrAscend (OTCMKTS:TRSSF) Stock Price Down 9.1% – What’s Next?

TerrAscend Corp. (OTCMKTS:TRSSF – Get Free Report) shares fell 9.1% on Thursday . The company traded as low as $0.50 and last traded at $0.50. 590,407 shares were traded during trading, an increase of 351% from the average session volume of 131,026 shares. The stock had previously closed at $0.55.

TerrAscend Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.73 and a quick ratio of 0.40. The company’s fifty day moving average is $0.60 and its two-hundred day moving average is $0.94.

TerrAscend Company Profile

(Get Free Report)

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 cannabis-infused artisan edibles. It also operates retail dispensaries under the Apothecarium brand name in California, Pennsylvania, and New Jersey.

Further Reading

• Five stocks we like better than TerrAscend
• What Are Treasury Bonds?
• Unity Stock: Is a True Turnaround Finally Taking Shape?
• Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
• DuPont’s Electronics Spinoff: The Start of Something Big
• What Investors Must Know About Over-the-Counter (OTC) Stocks
• The Trade Desk Crashes on Earnings, But Growth Catalysts Persist