Shares of Aphria Inc (TSE:APHA) traded down 15.3% during mid-day trading on Monday . The company traded as low as C$11.28 and last traded at C$11.36. 3,981,011 shares changed hands during trading, a decline of 32% from the average session volume of 5,816,553 shares. The stock had previously closed at C$13.41.
Separately, CIBC boosted their price target on shares of Aphria from C$10.00 to C$12.00 in a research note on Tuesday.
The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.97 and a current ratio of 2.67. The company has a market capitalization of $2.88 billion and a PE ratio of 29.10.
Aphria Inc produces and sells medical cannabis in Canada and internationally. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It serves patients and health professionals. The company also sells its products online. Aphria Inc is headquartered in Leamington, Canada.
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