Cannabics Pharmaceuticals Inc (CNBX) is coming out weak in the morning trading session on June 13, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an slide of 7.1%. After closing the previous session at $0.0549, shares of CNBX opened this morning at $0.051 and are trading at $0.051 shortly after the opening bell. So far, about 600 shares have changed hands, compared to an average of 30-day volume of 54,003 for Cannabics Pharmaceuticals Inc. Shares moved as high at $0.051 and as low as $0.051 in today’s early action.
The share depreciation gives the company a market capitalization of $5.82 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 $0.051, shares of CNBX are trading below their 50-day moving average (MA) at $0.071 and below their 200-day MA at $0.071. 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 CNBX?
Cannibics Pharmaceuticals Inc is a bio-tech company. The Company is engaged in pharmaceutical research, development and marketing of biotechnology therapies.. The company is led by its CEO Thomas E. Mills from its headquarters in Bethesda, MD.
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All data provided by QuoteMedia and was accurate as of 9:00AM ET.
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