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Cannabis Stock Laggard: Cgrowth Capital Inc (CGRA) Sheds 5.98% in Early Trading on June 15

Cgrowth Capital Inc (CGRA) 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 5.98%. After closing the previous session at $0.0117, shares of CGRA opened this morning at $0.012 and are trading at $0.011 shortly after the opening bell. So far, about 24,600 shares have changed hands, compared to an average of 30-day volume of 1.59 million for Cgrowth Capital Inc. Shares moved as high at $0.012 and as low as $0.0107 in today’s early action.

The share depreciation gives the company a market capitalization of $2.47 million based upon 211.05 million shares outstanding.

In the past 52 weeks, shares of Cgrowth Capital Inc have traded as low as $0.0008 and as high as $0.019. Technical traders will take note that at $0.011, shares of CGRA are trading below their 50-day moving average (MA) at $0.013 and above their 200-day MA at $0.005. 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 CGRA?

CGrowth Capital Inc provides support and processing applications for itself and land owners specific to the exploration, mining, and processing of precious metal ores and mineral, as well as other commodities, such as oil and gas.. The company is led by its CEO from its headquarters in Silverdale, WA.

For more information on CGRA 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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About Jeremy Wilchek

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