Cannabics Pharmaceuticals Inc (OTO:CNBX) had a tough morning trading session on September 2, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 16.67%. After closing the previous session at $0.06, shares of CNBX opened this morning at 0.059 and are trading at $0.05 at the lunch break. So far, about 26,500 shares have changed hands, compared to an average 30-day volume of 69,511 for Cannabics Pharmaceuticals Inc. Shares moved as high at $0.06 and as low as $0.05 in AM trading action.
The share depreciation gives the company a market capitalization of $6.42 million based upon 107.03 million shares outstanding.
In the past 52 weeks, shares of Cannabics Pharmaceuticals Inc have traded as low as $0.021 and as high as $0.18. Technical traders will take note that at $0.05, shares of CNBX are trading above their 50-day moving average (MA) at $0.048 and below their 200-day MA at $0.059. 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 CNBX?
Cannabics Pharmaceuticals Inc is a bio-tech company. The Company is engaged in pharmaceutical research, development and marketing of biotechnology therapies. The company is led by its CEO Thomas E. Mills from its headquarters in Bethesda, MD.
For more information on CNBX 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 12:00PM ET.
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