Positive News Coverage Somewhat Unlikely to Affect Cronos Group (CRON) Stock Price
News stories about Cronos Group (NASDAQ:CRON) have been trending positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cronos Group earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.6707242574833 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- What does legalization in Canada mean for us? (csindy.com)
- How to Scale Your Cannabis Business in 4 Steps (stamfordadvocate.com)
- Rookie Mistakes that all investors do while ignoring these: Cronos Group Inc. (NASDAQ:CRON), Colgate-Palmolive … (thestreetpoint.com)
- NASA Names Six New Flight Directors to Lead Mission Control (streetinsider.com)
- Have Pot Stocks Gained More Credibility Since Listing on U.S. Exchanges? (msn.com)
Shares of CRON stock traded up $0.06 during trading hours on Thursday, hitting $7.03. The company’s stock had a trading volume of 40,428 shares, compared to its average volume of 3,516,897. The company has a market capitalization of $1.23 billion and a P/E ratio of 703.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 20.68 and a quick ratio of 15.92. Cronos Group has a 12-month low of $1.00 and a 12-month high of $11.90.
Several research firms have recently commented on CRON. Canaccord Genuity lowered shares of Cronos Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 1st. GMP Securities upgraded shares of Cronos Group from a “hold” rating to a “buy” rating in a research note on Friday, April 6th. Finally, Beacon Securities reiterated a “buy” rating on shares of Cronos Group in a research note on Friday, May 4th.
About Cronos Group
Cronos Group Inc, formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada's Marihuana for Medical Purposes Regulations (?MMPR?). The firm typically invests in companies based in Canada.
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