MediPharm Labs (TSE:LABS) Reaches New 1-Year High – Here’s What Happened

Shares of MediPharm Labs Corp. (TSE:LABSGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.12 and last traded at C$0.11, with a volume of 453968 shares. The stock had previously closed at C$0.11.

MediPharm Labs Stock Performance

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 stock has a market cap of C$47.72 million, a PE ratio of -3.96 and a beta of 0.88. The firm has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.07.

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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