Valens GroWorks Corp. (OTCMKTS:VLNCF)’s share price traded down 1.6% during trading on Monday . The company traded as low as $1.51 and last traded at $1.52. 103,484 shares traded hands during trading, a decline of 59% from the average session volume of 251,673 shares. The stock had previously closed at $1.54.
A number of analysts recently commented on the company. Canaccord Genuity reiterated a “buy” rating and set a $6.50 price objective on shares of Valens GroWorks in a research report on Thursday, July 16th. Raymond James cut Valens GroWorks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 12th.
The business has a 50-day moving average price of $1.65.
Valens GroWorks Corp., engages in development and manufacturing of cannabinoid based products. The company operates through Cannabis Operations and Analytical Testing segments. The Cannabis Operation segment provides extraction, post processing, and white label manufacturing under the standard processing and standard cultivation license issued by Health Canada.
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