RE:Day Traders have fun buying and selling to make 0.01¢ proMath... 101...
The lower the cost of shares the
higher the percentage return becomes once it moved up. The same can be said for when it moves down so be prepared for both.
Example - A change of $1.
A stock that is bought for $1 produces a
return of 100% once it can be sold for $2
A stock that is bought for $10 produces a
return of 10% once it can be sold for $11
If you count pennies you get pennies... if you look at the percentages you can make more. Be sure to do these calculations when you weigh different stocks against each other and speculate on targets for each.
CGC/WEED is a
VERY COMPARIBLE stock to TLRY (imho) based on sector, products, partners, regions in which they sell etc (the list goes on and on).
Try taking a look at their sales ratios and see consider if you view the stock as fairly valued or undervalued, personally I see it as UNDERVALUE but I strongly suggest DOING YOUR OWN DUE DILLIGENCE
Ycharts Data on CGC / WEED Price to Sales Ratio https://ycharts.com/companies/CGC/ps_ratio