IM Cannabis (NASDAQ:IMCC) Trading Down 6.6% – Here’s Why

IM Cannabis Corp. (NASDAQ:IMCCGet Free Report) traded down 6.6% during mid-day trading on Thursday . The company traded as low as $2.11 and last traded at $2.27. 33,448 shares were traded during trading, an increase of 58% from the average session volume of 21,165 shares. The stock had previously closed at $2.43.

IM Cannabis Trading Down 6.6 %

The company has a current ratio of 0.70, a quick ratio of 0.59 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.06 million, a PE ratio of -0.67 and a beta of 1.05. The business has a fifty day moving average price of $2.58 and a 200 day moving average price of $2.49.

IM Cannabis Company Profile

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IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.

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