Shares of Aphria (NASDAQ: APHA) soared more than 80% last month, according to data provided by S&P Global Market Intelligence , as the popular marijuana stock recovered from its losses in October.
Aphria's shares fell hard after its first-quarter earnings report on Oct. 15. Coronavirus-related challenges weighed on Aphria's revenue growth and led the previously profitable company to post a $5.1 million loss during the quarter.
Yet as my Foolish colleague Zhiyuan Sun noted, the sell-off was overdone . Aphria limped into November with its shares trading at a bargain, with a price-to-sales ratio of around 3 and a price-to-book around 1 -- and investors quickly pounced on the deal.
For further details see:
Why Aphria Stock Skyrocketed 86% in November