HEXO After-Hours Close - $7.38 USD / $9.34 CDNSector wide up-tick today in Cannabis Stocks, may be tied to revenues in Quebec from Cannabis doubling in the report today, may be partly due to stimulas packages in the US being worked out etc. On HEXO/ZENA we had news that ZENA has their loan repayment worked out and it is deferred until the summer.
In the after hours we had low volume and an after-hours close of $7.38 USD or $9.34 CDN
Please....
Could our day-traders / swing traders please take a few minutes tonight with a spreadsheet and look over the PS-Ratio formula and determine what you think is a reasonable PS ratio on the stock then see where that puts the shareprice.. it will bloody well amaze you.
Considering the partnerships and product mix that HEXO has I am using Canopy Growth as my own comparison stock... check out their historical PS ratios THEN look at HEXO then send me a coffee for the tip :)
Have a great evening everyone
Q