Tilray Brands (TSE:TLRY) Trading Up 13.1% – What’s Next?

by · The Cerbat Gem

Tilray Brands, Inc. (TSE:TLRY – Get Free Report)’s stock price was up 13.1% on Thursday . The stock traded as high as C$21.57 and last traded at C$20.17. Approximately 837,606 shares traded hands during trading, an increase of 163% from the average daily volume of 319,077 shares. The stock had previously closed at C$17.83.

Tilray Brands Trading Up 11.9%

The company has a market cap of C$2.31 billion, a price-to-earnings ratio of -0.82 and a beta of 3.56. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.54 and a quick ratio of 2.16. The business’s 50-day simple moving average is C$16.81 and its 200-day simple moving average is C$13.71.

About Tilray Brands

(Get Free Report)

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.

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