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Home / Market Movers / Cannabis Stock Laggard: Cannavest Corp (CANV) Sheds 6.07% at Midday on June 6

Cannabis Stock Laggard: Cannavest Corp (CANV) Sheds 6.07% at Midday on June 6

Cannavest Corp (CANV) had a tough morning trading session on June 6, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 6.07%. After closing the previous session at $0.427, shares of CANV opened this morning at 0.416 and are trading at $0.4011 at the lunch break. So far, about 134,422 shares have changed hands, compared to an average 30-day volume of 254,975 for Cannavest Corp. Shares moved as high at $0.427 and as low as $0.3912 in AM trading action.

The share depreciation gives the company a market capitalization of $22.21 million based upon 52.01 million shares outstanding.

In the past 52 weeks, shares of Cannavest Corp have traded as low as $0.1 and as high as $1.49. Technical traders will take note that at $0.4011, shares of CANV are trading below their 50-day moving average (MA) at $0.457 and below their 200-day MA at $0.486. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.

Who is Cannavest Corp?

CV Sciences Inc is a life science company. The Company operates two business segments specialty pharmaceutical and consumer product.. The company is led by its CEO Michael Mona from its headquarters in Las Vegas, NV.


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

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

About PotNetwork.com

PotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure.

Disclaimer: PotNetwork.com, nor its parent company, Online Media Group, Inc., is not registered with any financial or securities regulatory authority and does not provide, nor claims to provide, investment advice or recommendations to readers of this release to buy, sell or hold any securities. Investing intrinsically involves substantial risk and readers are reminded to consult an investment professional and complete their own due diligence, including SEC filings, when researching any companies mentioned in this release. This release is based upon publicly available information and, while vetted, is not considered to be all-inclusive or guaranteed to be free from errors. PotNetwork.com publishes and distributes this informational purposes and has received no compensation from any company mentioned in this release. A complete disclaimer can be viewed at: www.potnetwork.com/legal-disclaimer.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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