Saturday , September 23 2017
Breaking News
Home / Market Movers / Cannabis Stock Laggard: United Cannabis Corp (CNAB) Sheds 9.4% at Midday on June 13

Cannabis Stock Laggard: United Cannabis Corp (CNAB) Sheds 9.4% at Midday on June 13

United Cannabis Corp (CNAB) 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 9.4%. After closing the previous session at $0.2649, shares of CNAB opened this morning at 0.265 and are trading at $0.24 at the lunch break. So far, about 26,902 shares have changed hands, compared to an average 30-day volume of 23,628 for United Cannabis Corp. Shares moved as high at $0.265 and as low as $0.24 in AM trading action.

The share depreciation gives the company a market capitalization of $11.92 million based upon 44.99 million shares outstanding.

In the past 52 weeks, shares of United Cannabis Corp have traded as low as $0.1201 and as high as $0.79. Technical traders will take note that at $0.24, shares of CNAB are trading

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

Check Also

Cannabis Stock Leader: Zoned Properties Inc (OTCQX:ZDPY) Advances 23.08% for July 28

Zoned Properties Inc (OTCQX:ZDPY) outpaced most other peers in the directory of the approximately 200 …