Auxly Cannabis Group (XLY) Stock Rating Lowered by AltaCorp Capital

Auxly Cannabis Group (CVE:XLY) was downgraded by equities research analysts at AltaCorp Capital from an “outperform” rating to a “speculative” rating in a research report issued on Monday, Zacks.com reports.

Auxly Cannabis Group stock opened at C$0.84 on Monday. Auxly Cannabis Group has a 12-month low of C$0.60 and a 12-month high of C$1.69. The stock has a market cap of $487.94 million and a price-to-earnings ratio of -8.40. The company has a debt-to-equity ratio of 25.37, a quick ratio of 13.85 and a current ratio of 15.31.

About Auxly Cannabis Group

Auxly Cannabis Group Inc operates as a cannabis streaming company. It provides funding for cannabis production; and holds contractual rights and minority equity interest relating to the operation of cannabis facilities. The company was formerly known as Cannabis Wheaton Income Corp. and changed its name to Auxly Cannabis Group Inc in June 2018.

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