Endocan Corp (ENDO) 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 16.44% to close the day at $0.0061. Today’s drop came with about 68,538 shares changing hands, compared to an average of 30-day volume of 126,925 for ENDO.
The share depreciation gives the company a market capitalization of $495,572 based upon 67.89 million shares outstanding.
In the past 52 weeks, shares of ENDO have traded as low as $0.0027 and as high as $0.0222. Technical traders will take note that at 0.0061, shares of ENDO are trading below their 50-day moving average (MA) at $0.012 and below their 200-day MA at $0.009. 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 ENDO?
Endocan Corp develops products for critical ailments. It serves the cosmetic, health and nutrition industries. The company is led by CEO from its headquarters in Colorado Springs, CO.
For more information on ENDO 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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