QED Connect Inc (OTO:QEDN) 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 33.33%. After closing the previous session at $0.0003, shares of QEDN opened this morning at $0.0002 and are trading at $0.0002 shortly after the opening bell. So far, about 500,001 shares have changed hands, compared to an average of 30-day volume of 1.48 million for QED Connect Inc. Shares moved as high at $0.0002 and as low as $0.0002 in today’s early action.
The share depreciation gives the company a market capitalization of $106,803 based upon 356.01 million shares outstanding.
In the past 52 weeks, shares of QED Connect Inc have traded as low as $0.0001 and as high as $0.0013. Technical traders will take note that at $0.0002, shares of QEDN are trading above their 50-day moving average (MA) at $0.0 and above their 200-day MA at $0.0. 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 QED Connect Inc?
QED Connect Inc works with organizations that are looking for capital or management assistance or help in reaching targets.. The company is led by its CEO from its headquarters in Manchester, NH.
For more information on QED Connect Inc 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 9:00AM ET.
PotNetwork.com 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 PotNetwork.com. 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: http://potnetwork.com/legal-disclaimer/.