Is Auxly Stock Showing Buy Signals? Is This a Risk Worth Taking?

Auxly stock

Auxly stock is currently selling for a meager $0.73 CAD on the TSXV. This low-priced cannabis penny stock is a potential opportunity right now as a sector-wide lull exposes some long-term plays. With a mean consensus of “Buy” and a price target set at $1.55 CAD, according to MarketScreener, should Auxly Cannabis Group (TSXV:XLY) (OTCQB:CBWTF) be on your radar?

Auxly Stock: Reasons For the Decline

With a market cap of $325 million, Auxly stock is trading at $0.73 CAD. From price highs in March, shares have lost roughly 30%. One reason for the drop is the ...

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