CannaSys Inc (MJTK) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 13, skidding 9.09% to close the day at $0.007. Today’s drop came with about 11.88 million shares changing hands, compared to an average of 30-day volume of 1.15 million for MJTK.
The share depreciation gives the company a market capitalization of $167,902 based upon 21.81 million shares outstanding.
In the past 52 weeks, shares of MJTK have traded as low as $0.007 and as high as $1.04. Technical traders will take note that at 0.007, shares of MJTK are trading below their 50-day moving average (MA) at $0.194 and below their 200-day MA at $0.268. 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 MJTK?
CannaSys Inc create, develop, and commercialize solutions for the expanding medical and recreational cannabis community. The Company do not grow, distribute, or sell cannabis. The company is led by CEO Michael A. Tew from its headquarters in Denver, CO.
For more information on MJTK 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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