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Cannabis Stock Laggard: Next Generation Management Corp (NGMC) Drops 26.67% for June 6

Next Generation Management Corp (NGMC) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 6, skidding 26.67% to close the day at $0.0011. Today’s drop came with about 12,800 shares changing hands, compared to an average of 30-day volume of 232,780 for NGMC.

The share depreciation gives the company a market capitalization of $398,779 based upon 265.85 million shares outstanding.

In the past 52 weeks, shares of NGMC have traded as low as $0.0008 and as high as $0.0059. Technical traders will take note that at 0.0011, shares of NGMC are trading below their 50-day moving average (MA) at $0.002 and below their 200-day MA at $0.002. 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 NGMC?

Next Generation Management Corp, formerly Next Generation Energy Corp is an oil and natural gas company. The Company is involved in the exploration, development, and production of natural gas properties located onshore in the United States. The company is led by CEO Darryl Reed from its headquarters in Annandale, VA.

For more information on NGMC 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.

About 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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About Jeremy Wilchek

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