Resource Ventures Inc (REVI) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 9, skidding 16.67% to close the day at $0.125. Today’s drop came with about 100 shares changing hands, compared to an average of 30-day volume of 918 for Resource Ven.
The share depreciation gives the company a market capitalization of $156,846 based upon 1.05 million shares outstanding.
In the past 52 weeks, shares of Resource Ven have traded as low as $0.026 and as high as $0.6. Technical traders will take note that at 0.125, shares of REVI are trading above their 50-day moving average (MA) at $0.073 and above their 200-day MA at $0.056. 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 Resource Ven?
Resource Ventures, Inc., through its wholly owned subsidiary acts as a broker to produce a various printed products. The company is led by CEO from its headquarters in Silverado, CA.
For more information on Resource Ven 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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