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Home / Market Movers / Cannabis Stock Laggard: Mountain High Acqstn Crp (OTCQB:MYHI) Drops 26.15% for September 21

Cannabis Stock Laggard: Mountain High Acqstn Crp (OTCQB:MYHI) Drops 26.15% for September 21

Mountain High Acqstn Crp (OTCQB:MYHI) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on September 21, skidding 26.15% to close the day at $0.024. Today’s drop came with about 1.05 million shares changing hands, compared to an average of 30-day volume of 165,631 for Mountain High.

The share depreciation gives the company a market capitalization of $1.45 million based upon 44.75 million shares outstanding.

In the past 52 weeks, shares of Mountain High have traded as low as $0.01 and as high as $0.098. Technical traders will take note that at 0.024, shares of MYHI are trading above their 50-day moving average (MA) at $0.015 and below their 200-day MA at $0.032. 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 Mountain High?

Mountain High Acquisitions Corp is a holding company focused on the commercial hemp and CBD products industries. Its first acquisition in this sector is GreenLife BotaniX, Inc. The company is led by CEO Alan Smith from its headquarters in Scottsdale, AZ.

For more information on Mountain High 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 4:30PM 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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