Canopy Rivers (CVE:RIV) Shares Up 8.1% – Here’s What Happened

Shares of Canopy Rivers Inc (CVE:RIV) were up 8.1% on Wednesday . The company traded as high as C$2.61 and last traded at C$2.53. Approximately 984,044 shares were traded during trading, an increase of 103% from the average daily volume of 485,227 shares. The stock had previously closed at C$2.34.

Canopy Rivers Trading Up 8.1 %

The company’s fifty day moving average is C$2.53 and its two-hundred day moving average is C$2.53. The company has a quick ratio of 34.04, a current ratio of 34.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of C$474.50 million and a price-to-earnings ratio of 72.29.

About Canopy Rivers

Canopy Rivers Inc is a public investment firm. It prefers to make investments in cannabis sector with focus on burgeoning marijuana companies. It seeks to make minority stakes. The company is headquartered in Toronto, Canada.