Auxly Cannabis Group (TSE:XLY) Price Target Lowered to C$0.07 at ATB Capital

Auxly Cannabis Group (TSE:XLYGet Rating) had its price target trimmed by ATB Capital to C$0.07 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm currently has a sector perform rating on the stock.

Auxly Cannabis Group Stock Performance

XLY opened at C$0.03 on Tuesday. The company has a debt-to-equity ratio of 119.65, a current ratio of 2.58 and a quick ratio of 0.92. Auxly Cannabis Group has a fifty-two week low of C$0.03 and a fifty-two week high of C$0.28. The firm has a market capitalization of C$27.00 million and a PE ratio of -0.39. The company’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.08.

Auxly Cannabis Group (TSE:XLYGet Rating) last posted its quarterly earnings data on Monday, August 15th. The company reported C($0.02) EPS for the quarter, meeting the consensus estimate of C($0.02). The firm had revenue of C$27.34 million during the quarter, compared to analysts’ expectations of C$22.85 million. As a group, research analysts predict that Auxly Cannabis Group will post -0.04 earnings per share for the current fiscal year.

About Auxly Cannabis Group

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Auxly Cannabis Group Inc operates as a consumer-packaged goods company in the cannabis products market in Canada. The company focuses on developing, manufacturing, and distributing cannabis products for wellness and recreational consumers. It offers cannabis products under various forms, including vape catridges, dried flower, concentrates, chocolates, soft chews, oil drops, capsules, topicals, and hard candy under the brands KOLAB PROJECT, Dosecann, BACK FORTY, and Foray.

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