Players Network Inc (PNTV) 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 11.11% to close the day at $0.0032. Today’s drop came with about 80,000 shares changing hands, compared to an average of 30-day volume of 913,017 for Players Network.
The share depreciation gives the company a market capitalization of $1.42 million based upon 393.92 million shares outstanding.
In the past 52 weeks, shares of Players Network have traded as low as $0.0012 and as high as $0.006. Technical traders will take note that at 0.0032, shares of PNTV are trading above their 50-day moving average (MA) at $0.003 and above their 200-day MA at $0.003. 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 Players Network?
Players Network is a media and entertainment company engaged in the development of digital networks. The Company operates a Video On Demand television channel. It also cultivates and processes medical marijuana in North Las Vegas. The company is led by CEO Mark Bradley from its headquarters in Las Vegas, NV.
For more information on Players Network 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.
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