MediPharm Labs (TSE:LABS) Shares Up 7.1% – Here’s What Happened

MediPharm Labs Corp. (TSE:LABSGet Free Report)’s share price traded up 7.1% on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. 569,150 shares changed hands during trading, an increase of 51% from the average session volume of 376,264 shares. The stock had previously closed at C$0.07.

MediPharm Labs Stock Up 14.3 %

The company’s 50 day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.10 and a current ratio of 3.21. The firm has a market capitalization of C$33.20 million, a PE ratio of -2.76 and a beta of 0.88.

MediPharm Labs Company Profile

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MediPharm Labs Corp., a pharmaceutical company, produces and sells pharmaceutical-quality cannabis oil and concentrates, and advanced derivative products in Canada and internationally. The company formulates, processes, packages, and distributes cannabis extracts and advanced cannabinoid-based products.

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