Shares of Aphria jumped 2.16% to $8.30 at 14:55 EST on Wednesday, following yesterday’s upward trend. The Nasdaq Stock Market is jumping 0.22% to $12,622.60, after two successive sessions in a row of gains. This seems, so far, a somewhat positive trend exchanging session today.
Aphria’s last close was $8.12, 6.99% under its 52-week high of $8.88.
News about Aphria today
Aphria, tilray announce deal to create biggest cannabis company. According to today’s article on Bloomberg Quint, "Tilray and Aphria’s combined assets represent an early step toward that goal of creating a global cannabis operation.", "Kennedy said Aphria’s two assets in Germany — a distribution center for medical prescriptions and a cultivation facility — were particularly attractive."
Tilray stock soars after 'reverse' merger deal with Aphria at a 23% premium. According to today’s article on MarketWatch, "Shares of Tilray Inc. soared 30.8% in premarket trading and Aphria Inc.’s U.S.-listed stock surged 9.9%, after the Canada-based cannabis companies announced a merger, which they say will create the largest global cannabis company, with a combined equity value of about $3.9 billion. ", "After the deal closes, which the companies said was structured has a "reverse acquisition" of Tilray, Aphria shareholders will own 62% of outstanding Tilray shares. "
Stocks making the biggest moves in the premarket: tilray, Aphria, penumbra, Moderna & more. According to today’s article on CNBC, "Tilray shares surged 30%, while Aphria shares jumped more than 8% in the premarket.", "Aphria shareholders will hold 62% of the combined company, with the company paying a 23% premium over Tilray’s Tuesday closing price. "
Aphria and tilray to merge to create biggest global cannabis company. According to today’s article on The Wall Street Journal, "Aphria Inc. and Tilray Inc. said Wednesday their proposed combination would create a company with annual revenue on a pro-forma basis of Canadian $874 million, equivalent to $686 million. ", "The deal between Aphria and Tilray could signal more mergers and acquisitions ahead across the industry, according to some analysts. "
Aphria’s Stock Top and Bottom Yearly Value
Aphria’s stock is valued at $8.30 at 14:55 EST, under its 52-week high of $8.88 and way above its 52-week low of $1.95.
Aphria’s Moving Average
Aphria’s value is way above its 50-day moving average of $6.52 and way above its 200-day moving average of $5.15.