Breedit Corp (OTCQB:BRDT) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on August 2, skidding 8.12% to close the day at $0.024. Today’s drop came with about 21,565 shares changing hands, compared to an average of 30-day volume of 58,953 for Breedit Corp.
The share depreciation gives the company a market capitalization of $3.81 million based upon 145.92 million shares outstanding.
In the past 52 weeks, shares of Breedit Corp have traded as low as $0.0101 and as high as $0.036. Technical traders will take note that at 0.024, shares of BRDT are trading above their 50-day moving average (MA) at $0.023 and above their 200-day MA at $0.02. 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 Breedit Corp?
BreedIT Corp is engaged in development and marketing of software for an online gaming platform and entering into licensing agreements with online game service providers world-wide. The company is led by CEO Tamir Levinas from its headquarters in New York, NY.
For more information on Breedit Corp 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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