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Cannabis Stock Laggard: Water Technologies Intl (OTO:WTII) Sheds 9.09% at Midday on August 19

Water Technologies Intl (OTO:WTII) had a tough morning trading session on August 19, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 9.09%. After closing the previous session at $0.0022, shares of WTII opened this morning at 0.0022 and are trading at $0.002 at the lunch break. So far, about 6.18 million shares have changed hands, compared to an average 30-day volume of 12.36 million for Water Technologies Intl. Shares moved as high at $0.0022 and as low as $0.0019 in AM trading action.

The share depreciation gives the company a market capitalization of $395,142 based upon 179.61 million shares outstanding.

In the past 52 weeks, shares of Water Technologies Intl have traded as low as $0.0003 and as high as $0.005. Technical traders will take note that at $0.002, shares of WTII are trading above their 50-day moving average (MA) at $0.001 and above their 200-day MA at $0.001. 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 Water Tech?

Water Technologies International Inc manufactures and distributes atmospheric water generators and water filtration products that produce 99.9% pure drinking water in places that may or may not have potable drinking water available. The company is led by its CEO from its headquarters in Port St. Lucie, FL.

For more information on Water Tech 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 12:00PM ET.

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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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