Americann Inc (ACAN) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 15, skidding 5.01% to close the day at $1.02. Today’s drop came with about 3,900 shares changing hands, compared to an average of 30-day volume of 10,690 for ACAN.
The share depreciation gives the company a market capitalization of $17.86 million based upon 16.63 million shares outstanding.
In the past 52 weeks, shares of ACAN have traded as low as $0.31 and as high as $1.4. Technical traders will take note that at 1.02, shares of ACAN are trading above their 50-day moving average (MA) at $0.882 and above their 200-day MA at $0.654. 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 ACAN?
Americann Inc develops and supports medical cannabis cultivation and processing facilities. The Company brings professionalism and traditional horticultural and proven business practices in medical cannabis industry. The company is led by CEO Timothy Keogh from its headquarters in Denver, CO.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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