Vape Holdings Inc (OTCQB:VAPE) had a tough morning trading session on June 23, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 14.29%. After closing the previous session at $0.0021, shares of VAPE opened this morning at 0.0021 and are trading at $0.0018 at the lunch break. So far, about 2.63 million shares have changed hands, compared to an average 30-day volume of 7.47 million for Vape Holdings Inc. Shares moved as high at $0.0021 and as low as $0.0018 in AM trading action.
The share depreciation gives the company a market capitalization of $770,433 based upon 366.87 million shares outstanding.
In the past 52 weeks, shares of Vape Holdings Inc have traded as low as $0.0019 and as high as $0.435. Technical traders will take note that at $0.0018, shares of VAPE are trading below their 50-day moving average (MA) at $0.004 and below their 200-day MA at $0.016. 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 Vape Holdings?
Vape Holdings Inc is engaged in the manufacturing and distribution of healthy and sustainable vaporization products. The Company's product brand includes HIVE Ceramics. The company is led by its CEO Darin M. Myman from its headquarters in Agoura Hills, CA.
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All data provided by QuoteMedia and was accurate as of 12:00PM ET.
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