CannTrust (TSE:TRST) Reaches New 52-Week Low at $1.00

CannTrust Holdings Inc (TSE:TRST)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$1.00 and last traded at C$1.05, with a volume of 313558 shares traded. The stock had previously closed at C$1.02.

A number of research analysts have commented on TRST shares. Canaccord Genuity lowered their target price on CannTrust from C$2.50 to C$2.00 and set a “hold” rating on the stock in a research note on Wednesday, September 18th. Eight Capital dropped their target price on CannTrust from C$4.00 to C$2.00 in a research report on Wednesday, August 7th.

The company has a quick ratio of 1.90, a current ratio of 5.64 and a debt-to-equity ratio of 8.20. The stock has a market cap of $145.42 million and a P/E ratio of -8.68. The firm’s 50-day moving average is C$1.38 and its two-hundred day moving average is C$3.41.

About CannTrust (TSE:TRST)

CannTrust Holdings Inc produces and sells medical and recreational cannabis in Canada. It sells dried cannabis and cannabis extracts to the medical patients. CannTrust Holdings Inc was incorporated in 2015 and is headquartered in Vaughan, Canada.

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