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Home / Market Movers / Cannabis Stock Laggard: Easton Pharms Inc (OTO:EAPH) Drops 11.11% for August 2

Cannabis Stock Laggard: Easton Pharms Inc (OTO:EAPH) Drops 11.11% for August 2

Easton Pharms Inc (OTO:EAPH) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on August 2, skidding 11.11% to close the day at $0.0024. Today’s drop came with about 2.65 million shares changing hands, compared to an average of 30-day volume of 1.11 million for Easton Pharms.

The share depreciation gives the company a market capitalization of $1.57 million based upon 580.3 million shares outstanding.

In the past 52 weeks, shares of Easton Pharms have traded as low as $0.0021 and as high as $0.0156. Technical traders will take note that at 0.0024, shares of EAPH are trading below their 50-day moving average (MA) at $0.004 and below their 200-day MA at $0.005. 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 Easton Pharms?

Easton Pharmaceuticals Inc is a specialty pharmaceutical company. The Company designs, develops and markets topically-delivered drugs and therapeutic healthcare products. The company is led by CEO from its headquarters in North York, ON.

For more information on Easton Pharms 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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