Alcanna (TSE:CLIQ) Trading 1% Higher

Alcanna Inc. (TSE:CLIQ) traded up 1% on Wednesday . The stock traded as high as C$6.97 and last traded at C$6.96. 97,008 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 160,699 shares. The stock had previously closed at C$6.89.

Several equities analysts recently weighed in on the stock. Cormark raised their price target on shares of Alcanna from C$11.50 to C$13.75 and gave the company a “buy” rating in a research report on Wednesday, May 19th. CIBC dropped their target price on shares of Alcanna from C$8.75 to C$7.75 and set a “neutral” rating on the stock in a research report on Wednesday, May 19th. Finally, Eight Capital lifted their target price on shares of Alcanna from C$7.00 to C$10.00 and gave the stock a “speculative buy” rating in a research report on Wednesday, March 24th.

The firm has a 50-day moving average of C$7.39. The company has a debt-to-equity ratio of 136.06, a quick ratio of 1.29 and a current ratio of 2.16. The stock has a market capitalization of C$253.43 million and a PE ratio of 2.27.

Alcanna Company Profile (TSE:CLIQ)

Alcanna Inc engages in the retailing of alcohol in North America. The company retails wines, beers, and spirits; and cannabis products It operates 176 locations in Alberta and British Columbia; and 53 cannabis retail stores in Alberta, Ontario, and Saskatchewan. The company was formerly known as Liquor Stores N.A.

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