Emerald Health Therapeutics Inc. (CDX:EMH:CA) 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 7.32% to close the day at $0.19. Today’s drop came with about 52,545 shares changing hands, compared to an average of 30-day volume of 45,436 for Emerald Heal.
The share depreciation gives the company a market capitalization of $11.1 million based upon 54.17 million shares outstanding.
In the past 52 weeks, shares of Emerald Heal have traded as low as $0.135 and as high as $0.485. Technical traders will take note that at 0.19, shares of EMH:CA are trading below their 50-day moving average (MA) at $0.196 and below their 200-day MA at $0.204. 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 Emerald Heal?
Emerald Health Therapeutics Inc through its wholly-owned subsidiary is engaged in cultivation and selling of medical cannabis out of its facility located in Victoria, British Columbia. The company is led by CEO Bin Huang from its headquarters in Victoria, BC.
For more information on Emerald Heal 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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