Vapor Group Inc (OTO:VPOR) is coming out weak in the morning trading session on September 7, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an slide of 11.39%. After closing the previous session at $0.00079, shares of VPOR opened this morning at $0.0007 and are trading at $0.0007 shortly after the opening bell. So far, about 200 shares have changed hands, compared to an average of 30-day volume of 74.98 million for Vapor Group Inc. Shares moved as high at $0.0007 and as low as $0.0007 in today’s early action.
The share depreciation gives the company a market capitalization of $2.1 million based upon 2.66 billion shares outstanding.
In the past 52 weeks, shares of Vapor Group Inc have traded as low as $0.0001 and as high as $0.0016. Technical traders will take note that at $0.0007, shares of VPOR are trading below their 50-day moving average (MA) at $0.001 and above their 200-day MA at $0.0. 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 VPOR?
Vapor Group Inc designs, develops, manufactures and markets vaporizers and e-cigarettes. The Company also offers a range of e-liquid flavors. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, and Vapor Products brands. The company is led by its CEO from its headquarters in Davie, FL.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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