Marijuana Company of America Inc (MCOA) is coming out weak in the morning trading session on June 9, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an slide of 5.79%. After closing the previous session at $0.0095, shares of MCOA opened this morning at $0.0095 and are trading at $0.0089 shortly after the opening bell. So far, about 57,483 shares have changed hands, compared to an average of 30-day volume of 1.77 million for Marijuana Company of America Inc. Shares moved as high at $0.0095 and as low as $0.0084 in today’s early action.
The share depreciation gives the company a market capitalization of $8.49 million based upon 893.84 million shares outstanding.
In the past 52 weeks, shares of Marijuana Company of America Inc have traded as low as $0.0002 and as high as $0.03. Technical traders will take note that at $0.0089, shares of MCOA are trading below their 50-day moving average (MA) at $0.009 and above their 200-day MA at $0.007. 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 Marijuan Co?
Marijuana Company of America Inc is a marijuana marketing and distribution company. It distributes marijuana, CBD and related products nationally and internationally.. The company is led by its CEO from its headquarters in Bonsall, CA.
For more information on Marijuan Co 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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