Simply Solventless Concentrates Ltd. has seen a notable decline in its stock performance this week amidst a lack of significant news.
This week, Simply Solventless Concentrates Ltd. (HASH.V) has experienced a drop of 10% in its stock price, continuing a downward trend that has seen shares decrease by 30.77% over the past month. With no major company news to drive the stock, investors may be evaluating the technical indicators and overall market sentiment surrounding the cannabis sector.
Investor takeaway: Investors should consider the technical indicators and overall market conditions when assessing the current performance of Simply Solventless Concentrates Ltd. as the stock remains below key moving averages.
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Simply Solventless Concentrates Ltd.
HASH.V
HASH.V
Simply Solventless Concentrates Ltd.
WealthAwesomeMarket cap
$5.20M
52W high
$0.28
52W low
$0.04
1W change
-10.00%
Beta
-0.66
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on HASH's historical volatility
30-Day Vol
138.7%
Annualized
90-Day Vol
150.2%
Annualized
Trend (90d)
+49.5%
Annualized drift
90d Mean
C$0.05
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.05 | C$0.03 – C$0.08 |
| 60 trading days | C$0.05 | C$0.03 – C$0.10 |
| 90 trading days | C$0.05 | C$0.02 – C$0.12 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Simply Solventless Concentrates Ltd. has lost 67.86% YTD.
With a market cap of approximately C$5.2 million and a profit margin of -113.9%, the company's financial health raises concerns among investors.
Bull case
If market conditions improve or the company announces positive news, there could be a chance for recovery given its current low price point.
Bear case
Ongoing poor performance and a lack of positive catalysts could further impact investor sentiment and push the stock lower.
Price Action Overview
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Simply Solventless Concentrates Ltd. (HASH.V) closed at C$0.04, unchanged on the day but down 10% this week. Over the past month, the stock has decreased by 30.77%, reflecting ongoing struggles in the cannabis sector and broader market conditions.
Technical Picture
The current trading price of C$0.04 is significantly below both the 50-day moving average of C$0.06 and the 200-day moving average of C$0.07, indicating bearish momentum. The stock has a 52-week range of C$0.04 to C$0.28, with its current price representing only 4% of that range. Additionally, the stock has a beta of -0.66, suggesting lower volatility compared to the market. The latest trading volume of 167,624 shares is above the 20-day average volume of 103,819 shares, indicating heightened interest, albeit with a volume ratio of only 0.04x.
Market Fundamentals
Simply Solventless Concentrates Ltd. has a market capitalization of approximately C$5.2 million. The company's financials show a troubling profit margin of -113.9% and a return on equity (ROE) of -210.8%. The earnings per share (EPS) for the trailing twelve months stands at -C$0.22, reflecting ongoing challenges in achieving profitability.
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