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Home / Market Movers / Cannabis Stock Laggard: Praetorian Property Inc (PRRE) Sheds 10.0% in Early Trading on June 9

Cannabis Stock Laggard: Praetorian Property Inc (PRRE) Sheds 10.0% in Early Trading on June 9

Praetorian Property Inc (PRRE) 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 10.0%. After closing the previous session at $0.03, shares of PRRE opened this morning at $0.027 and are trading at $0.027 shortly after the opening bell. So far, about 18,040 shares have changed hands, compared to an average of 30-day volume of 7,148 for Praetorian Property Inc. Shares moved as high at $0.0276 and as low as $0.027 in today’s early action.

The share depreciation gives the company a market capitalization of $4.68 million based upon 156.0 million shares outstanding.

In the past 52 weeks, shares of Praetorian Property Inc have traded as low as $0.0211 and as high as $0.39. Technical traders will take note that at $0.027, shares of PRRE are trading below their 50-day moving average (MA) at $0.028 and below their 200-day MA at $0.099. 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 PRRE?

Praetorian Property Inc, formerly Cannabis Rx Inc is engaged in the business of acquiring a portfolio of distressed properties in certain strategic areas at deep discounts, rehabilitating these properties and selling or leasing them.. The company is led by its CEO Llorn Kylo from its headquarters in Scottsdale, AZ.

For more information on PRRE 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.

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About Jeremy Wilchek

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