Cronos Group Target of Unusually Large Options Trading (NASDAQ:CRON)
Cronos Group Inc (NASDAQ:CRON) saw some unusual options trading activity on Thursday. Stock traders bought 58,950 put options on the company. This is an increase of approximately 2,569% compared to the typical daily volume of 2,209 put options.
CRON traded up $0.27 during trading on Friday, reaching $10.38. 20,672,012 shares of the company’s stock were exchanged, compared to its average volume of 31,901,536. Cronos Group has a fifty-two week low of $1.50 and a fifty-two week high of $13.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 52.98 and a quick ratio of 44.71. The company has a market capitalization of $1.99 billion and a P/E ratio of 1,127.00.
Separately, Canaccord Genuity raised shares of Cronos Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th.
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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