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Home / Market Movers / Cannabis Stock Laggard: Cannabics Pharmaceuticals Inc (CNBX) Sheds 6.95% at Midday on June 10

Cannabis Stock Laggard: Cannabics Pharmaceuticals Inc (CNBX) Sheds 6.95% at Midday on June 10

Cannabics Pharmaceuticals Inc (CNBX) had a tough morning trading session on June 10, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 6.95%. After closing the previous session at $0.059, shares of CNBX opened this morning at 0.0505 and are trading at $0.0549 at the lunch break. So far, about 35,500 shares have changed hands, compared to an average 30-day volume of 53,057 for Cannabics Pharmaceuticals Inc. Shares moved as high at $0.0549 and as low as $0.0505 in AM trading action.

The share depreciation gives the company a market capitalization of $6.25 million based upon 105.93 million shares outstanding.

In the past 52 weeks, shares of Cannabics Pharmaceuticals Inc have traded as low as $0.021 and as high as $0.22. Technical traders will take note that at $0.0549, shares of CNBX are trading

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About Jeremy Wilchek

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