Thursday, August 19, 2021

Buying Cannabis Stocks on Etrade

Several exchanges are available at Etrade, including the OTC markets. A cannabis stock that trades on the OTC QB is Aphria, Inc. (ticker APHQF). The stock also trades on the Toronto exchange under the ticker symbol APH.

Aphria sells medical marijuana of various strains. It also conducts research and development in cannabis oil products. One of Aphria’s subsidiaries, Cannway Pharmaceuticals, specializes in helping veterans and first responders.

Etrade’s stock profile page has in-depth information on Aphria. Starting in 2015 at 71 cents per share, the stock has risen to $4.087. That’s a 576% increase in just over 2 years! The company has issued 138 million shares, which produces a market cap slightly above half a billion dollars. The stock’s average volume is 97,000 shares daily. An equity report from CFRA is available on Aphria free of charge via the Etrade website.

Etrade also provides information on insider activity, such as planned sales and the award of stock options. The broker’s website shows when the company’s next earnings date is, but doesn’t show much in terms of past results. The stock currently has a price/earnings multiple of 67.64, which is very high. Aphria does not pay a dividend.

Article from Brokerage-review.com

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