Shares of Aphria Inc (TSE:APH) dropped 3.7% during mid-day trading on Thursday . The company traded as low as C$14.84 and last traded at C$14.95. Approximately 2,235,177 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 5,764,917 shares. The stock had previously closed at C$15.52.
APH has been the topic of a number of recent research reports. Pi Financial lifted their price objective on shares of Aphria from C$14.00 to C$25.00 in a report on Thursday, January 11th. Canaccord Genuity lifted their price objective on shares of Aphria from C$8.25 to C$14.00 in a report on Tuesday, December 5th.
The firm has a market capitalization of $2,470.00, a price-to-earnings ratio of 89.24 and a beta of -0.68.
Aphria (TSE:APH) last posted its quarterly earnings data on Wednesday, January 10th. The company reported C$0.04 earnings per share (EPS) for the quarter. Aphria had a net margin of 245.74% and a return on equity of 21.38%.
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Aphria Inc produces, supplies, and sells medical cannabis in Canada. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It also provides support services in the form of medical consultations, group therapies, and rehabilitation to veteran and first responders.
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