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Item 9 Labs (OTC:INLB) Shares Down 5.7%

Defense World ·  Dec 14, 2022 01:52

Item 9 Labs Corp. (OTC:INLB – Get Rating)'s share price fell 5.7% on Tuesday . The company traded as low as $0.25 and last traded at $0.25. 33,714 shares traded hands during trading, an increase of 73% from the average session volume of 19,515 shares. The stock had previously closed at $0.27.

Item 9 Labs Stock Down 5.7 %

The firm has a market cap of $24.42 million, a P/E ratio of -1.00 and a beta of 0.33. The business's fifty day moving average price is $0.30 and its two-hundred day moving average price is $0.53. The company has a current ratio of 0.14, a quick ratio of 0.04 and a debt-to-equity ratio of 0.02.

Item 9 Labs Company Profile

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Item 9 Labs Corp. operates as a vertically integrated cannabis operator and dispensary franchisor in the United States. The company produces cannabis and cannabis-related products in various categories, such as flower; concentrates; distillates; and hardware. It offers cannabis and cannabis-derived products and technologies through licensed dispensaries to consumers in Arizona.

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