Vape Holdings Inc (VAPE) 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 8.57% to close the day at $0.0032. Today’s drop came with about 5.62 million shares changing hands, compared to an average of 30-day volume of 8.85 million for Vape Holdings.
The share depreciation gives the company a market capitalization of $1.28 million based upon 366.87 million shares outstanding.
In the past 52 weeks, shares of Vape Holdings have traded as low as $0.0019 and as high as $0.519. Technical traders will take note that at 0.0032, shares of VAPE are trading below their 50-day moving average (MA) at $0.006 and below their 200-day MA at $0.027. 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 Vape Holdings?
Vape Holdings Inc is engaged in the manufacturing and distribution of healthy and sustainable vaporization products. The Company's product brand includes HIVE Ceramics. The company is led by CEO Darin M. Myman from its headquarters in Agoura Hills, CA.
For more information on Vape Holdings 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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