Imperial Ginseng Products (CVE:IGP) Trading Down 5%

Imperial Ginseng Products Ltd. (CVE:IGP)’s share price dropped 5% during trading on Friday . The company traded as low as C$0.29 and last traded at C$0.29, approximately 2,051 shares were traded during mid-day trading. A decline of 9% from the average daily volume of 2,266 shares. The stock had previously closed at C$0.30.

The company has a market cap of $2.42 million and a price-to-earnings ratio of -0.67. The company has a current ratio of 3.88, a quick ratio of 1.04 and a debt-to-equity ratio of 13.75. The business’s 50 day moving average price is C$0.31.

Imperial Ginseng Products (CVE:IGP) last released its quarterly earnings results on Friday, May 15th. The company reported C($0.11) earnings per share (EPS) for the quarter. The business had revenue of C$3.52 million during the quarter.

About Imperial Ginseng Products (CVE:IGP)

Imperial Ginseng Products Ltd. cultivates and processes ginseng in the province of Ontario. It is also involved in the sale of dried ginseng to wholesalers through distributors in Asia and North America. The company was founded in 1989 and is headquartered in Vancouver, Canada.

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