TerrAscend (OTCMKTS:TSNDF) Trading 9.2% Higher – Still a Buy?

Shares of TerrAscend Corp. (OTCMKTS:TSNDF) were up 9.2% during trading on Wednesday . The stock traded as high as $0.67 and last traded at $0.65. Approximately 849,415 shares changed hands during mid-day trading, an increase of 150% from the average daily volume of 340,027 shares. The stock had previously closed at $0.60.

Analyst Upgrades and Downgrades

Separately, Atb Cap Markets lowered TerrAscend from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 9th.

TerrAscend Trading Up 7.7 %

The company has a 50-day moving average of $0.79 and a two-hundred day moving average of $1.13. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.69 and a current ratio of 1.35.

TerrAscend Company Profile

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names.