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Cannabis Stock Laggard: Green Technology Solutions Inc (OTO:GTSO) Sheds 8.89% in Early Trading on June 16

Green Technology Solutions Inc (OTO:GTSO) is coming out weak in the morning trading session on June 16, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an slide of 8.89%. After closing the previous session at $0.045, shares of GTSO opened this morning at $0.041 and are trading at $0.041 shortly after the opening bell. So far, about 100 shares have changed hands, compared to an average of 30-day volume of 27,377 for Green Technology Solutions Inc. Shares moved as high at $0.041 and as low as $0.041 in today’s early action.

The share depreciation gives the company a market capitalization of $633,130 based upon 14.07 million shares outstanding.

In the past 52 weeks, shares of Green Technology Solutions Inc have traded as low as $0.0277 and as high as $0.65. Technical traders will take note that at $0.041, shares of GTSO are trading below their 50-day moving average (MA) at $0.058 and below their 200-day MA at $0.076. 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 GTSO?

Green Technology Solutions Inc is in the business of trying to keep the world a greener place to live.. The company is led by its CEO Wallace Browne from its headquarters in San Jose, CA.

For more information on GTSO 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.

About is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

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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