Auxly Cannabis Group (CVE:XLY) Trading Up 5.4% – Here’s Why

Auxly Cannabis Group Inc. (CVE:XLY) shares shot up 5.4% on Friday . The stock traded as high as C$0.40 and last traded at C$0.39. 1,630,684 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 2,248,602 shares. The stock had previously closed at C$0.37.

Auxly Cannabis Group Stock Up 5.4 %

The company’s fifty day simple moving average is C$0.39 and its 200-day simple moving average is C$0.39. The firm has a market capitalization of C$289.90 million and a PE ratio of -2.10. The company has a debt-to-equity ratio of 56.23, a current ratio of 1.82 and a quick ratio of 0.63.

About Auxly Cannabis Group

Auxly Cannabis Group Inc operates as a consumer packaged goods company in the cannabis products market in Canada. The company engages in the cultivation of cannabis; and development and distribution of cannabis products. It offers products, such as soft chews, vape cartridges, vape pens, pre-rolled cannabis, chocolates, and cannabis oil spray and oil drops through retail stores under the Kolab Project, Foray, and Dosecan brand names.