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Home / Market Movers / Cannabis Stock Laggard: Calyx Bio-Ventures Inc (CDX:CYX:CA) Sheds 11.11% at Midday on September 29

Cannabis Stock Laggard: Calyx Bio-Ventures Inc (CDX:CYX:CA) Sheds 11.11% at Midday on September 29

Calyx Bio-Ventures Inc (CDX:CYX:CA) had a tough morning trading session on September 29, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 11.11%. After closing the previous session at $0.045, shares of CYX:CA opened this morning at 0.045 and are trading at $0.04 at the lunch break. So far, about 676,500 shares have changed hands, compared to an average 30-day volume of 411,603 for Calyx Bio-Ventures Inc. Shares moved as high at $0.045 and as low as $0.04 in AM trading action.

The share depreciation gives the company a market capitalization of $2.28 million based upon 50.62 million shares outstanding.

In the past 52 weeks, shares of Calyx Bio-Ventures Inc have traded as low as $0.01 and as high as $0.055. Technical traders will take note that at $0.04, shares of CYX:CA are trading above their 50-day moving average (MA) at $0.019 and above their 200-day MA at $0.021. 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 Calyx Bio-Ve?

Calyx Bio-Ventures Inc is an agricultural technology company engaged in bringing technology solutions to indoor agriculture. The company is led by its CEO Roger Forde from its headquarters in Vancouver, BC.

For more information on Calyx Bio-Ve 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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