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Cannabis Stock Laggard: Dewmar Intl BMC Inc (DEWM) Sheds 11.11% at Midday on June 6

Dewmar Intl BMC Inc (DEWM) 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 11.11%. After closing the previous session at $0.0027, shares of DEWM opened this morning at 0.0023 and are trading at $0.0024 at the lunch break. So far, about 545,000 shares have changed hands, compared to an average 30-day volume of 3.36 million for Dewmar Intl BMC Inc. Shares moved as high at $0.0027 and as low as $0.0023 in AM trading action.

The share depreciation gives the company a market capitalization of $7.45 million based upon 2.76 billion shares outstanding.

In the past 52 weeks, shares of Dewmar Intl BMC Inc have traded as low as $0.0016 and as high as $0.0054. Technical traders will take note that at $0.0024, shares of DEWM are trading below their 50-day moving average (MA) at $0.003 and below their 200-day MA at $0.003. 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 Dewmar Intl?

Dewmar International BMC Inc produces carbonated beverage that is naturally sweetened. Its products include Lean Slow Motion PotionTM, Purp, Yella and Easta Pink.. The company is led by its CEO Marco Moran from its headquarters in Clinton, MS.


For more information on Dewmar Intl 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.

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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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