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Cannabis Stock Laggard: Two Rivers Wtr & Farming (TURV) Drops 11.76% for June 3

Two Rivers Wtr & Farming (TURV) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 3, skidding 11.76% to close the day at $0.3. Today’s drop came with about 5,240 shares changing hands, compared to an average of 30-day volume of 20,868 for Two Rivers.

The share depreciation gives the company a market capitalization of $9.17 million based upon 26.98 million shares outstanding.

In the past 52 weeks, shares of Two Rivers have traded as low as $0.2 and as high as $1.1. Technical traders will take note that at 0.3, shares of TURV are trading below their 50-day moving average (MA) at $0.425 and below their 200-day MA at $0.59. Technical analysts pay close attention to these key moving averages because they often serve as technical supports and move under them is typically regarded as bearish. Conversely, holding above these key moving averages or breaking over them is perceived as a sign of bullishness.

Who is Two Rivers?

Two Rivers Water & Farming Co converts irrigated farmland from traditional use to grow marginally profitable feed crops to use for growing fruit and vegetable crops. The Company has two operating segments: Farms and Water. The company is led by CEO John R. Mckowen from its headquarters in Denver, CO.

For more information on Two Rivers and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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About Jeremy Wilchek

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