Mountain High Acqstn Crp (MYHI) 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 8.47% to close the day at $0.027. Today’s drop came with about 103,500 shares changing hands, compared to an average of 30-day volume of 101,836 for Mountain High.
The share depreciation gives the company a market capitalization of $985,858 based upon 33.42 million shares outstanding.
In the past 52 weeks, shares of Mountain High have traded as low as $0.0101 and as high as $0.2085. Technical traders will take note that at 0.027, shares of MYHI are trading below their 50-day moving average (MA) at $0.058 and below their 200-day MA at $0.034. 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 Mountain High?
Mountain High Acquisitions Corp is a real estate investment firm engaged in acquiring and equipping commercial facilities to be leased and utilized by the commercial marijuana industry in Colorado. The company is led by CEO Alan Smith from its headquarters in Denver, CO.
For more information on Mountain High 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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