Vaporbrands Intl Inc (OTO:VAPR) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 20, skidding 19.61% to close the day at $0.0041. Today’s drop came with about 45,459 shares changing hands, compared to an average of 30-day volume of 11,966 for Vaporbrands.
The share depreciation gives the company a market capitalization of $359,864 based upon 70.56 million shares outstanding.
In the past 52 weeks, shares of Vaporbrands have traded as low as $0.0021 and as high as $0.0394. Technical traders will take note that at 0.0041, shares of VAPR are trading below their 50-day moving average (MA) at $0.006 and below their 200-day MA at $0.011. 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 Vaporbrands?
VaporBrands International Inc is a distributor of specialty branded e-cigarettes. Its brands include VAMP and Junkanoo. The company is led by CEO from its headquarters in West Palm Beach, FL.
For more information on Vaporbrands 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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