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Cannabis Stock Laggard: American Green Inc (ERBB) Sheds 8.33% in Early Trading on June 15

American Green Inc (ERBB) is coming out weak in the morning trading session on June 15, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an slide of 8.33%. After closing the previous session at $0.0012, shares of ERBB opened this morning at $0.0012 and are trading at $0.0011 shortly after the opening bell. So far, about 12.27 million shares have changed hands, compared to an average of 30-day volume of 53.58 million for American Green Inc. Shares moved as high at $0.0012 and as low as $0.0011 in today’s early action.

The share depreciation gives the company a market capitalization of $4.67 million based upon 3.9 billion shares outstanding.

In the past 52 weeks, shares of American Green Inc have traded as low as $0.001 and as high as $0.0051. Technical traders will take note that at $0.0011, shares of ERBB are trading above their 50-day moving average (MA) at $0.001 and below their 200-day MA at $0.002. 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 ERBB?

American Green Inc owns and operates medical marijuana dispensaries. The Company operates in Colorado and California. It also develops RFID (Radio Frequency Identification) devices.. The company is led by its CEO from its headquarters in Scottsdale, AZ.

For more information on ERBB and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 9:00AM ET.

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DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of 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:

About Jeremy Wilchek

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