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Home / Market Movers / Cannabis Stock Laggard: Lexaria (LXRP) Sheds 9.5% at Midday on June 13

Cannabis Stock Laggard: Lexaria (LXRP) Sheds 9.5% at Midday on June 13

Lexaria (LXRP) had a tough 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 a slide of 9.5%. After closing the previous session at $0.1, shares of LXRP opened this morning at 0.0904 and are trading at $0.0905 at the lunch break. So far, about 6,200 shares have changed hands, compared to an average 30-day volume of 15,570 for Lexaria. Shares moved as high at $0.1 and as low as $0.0904 in AM trading action.

The share depreciation gives the company a market capitalization of $4.46 million based upon 44.55 million shares outstanding.

In the past 52 weeks, shares of Lexaria have traded as low as $0.09 and as high as $0.1099. Technical traders will take note that at $0.0905, shares of LXRP are trading

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About Jeremy Wilchek

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