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Cannabis Stock Laggard: Tykhe Corp (HALB) Drops 31.03% for June 8

Tykhe Corp (HALB) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 8, skidding 31.03% to close the day at $0.0002. Today’s drop came with about 500,000 shares changing hands, compared to an average of 30-day volume of 818,746 for Tykhe Corp.

The share depreciation gives the company a market capitalization of $50,133 based upon 172.87 million shares outstanding.

In the past 52 weeks, shares of Tykhe Corp have traded as low as $0.000196 and as high as $0.0017. Technical traders will take note that at 0.0002, shares of HALB are trading above their 50-day moving average (MA) at $0.0 and above their 200-day MA at $0.0. 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 Tykhe Corp?

Halberd Corporation focused on development of specific business units and the creation and acquisition of margin business-related products and services. The company is led by CEO from its headquarters in Las Vegas, MI.

For more information on Tykhe Corp 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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