Americann Inc (OTCQX:ACAN) had a tough morning trading session on October 31, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 5.71%. After closing the previous session at $2.4, shares of ACAN opened this morning at 2.435 and are trading at $2.263 at the lunch break. So far, about 37,103 shares have changed hands, compared to an average 30-day volume of 34,530 for Americann Inc. Shares moved as high at $2.45 and as low as $2.02 in AM trading action.
The share depreciation gives the company a market capitalization of $39.91 million based upon 16.63 million shares outstanding.
In the past 52 weeks, shares of Americann Inc have traded as low as $0.31 and as high as $2.53. Technical traders will take note that at $2.263, shares of ACAN are trading above their 50-day moving average (MA) at $0.856 and above their 200-day MA at $0.808. 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 ACAN?
Americann Inc develops and supports medical cannabis cultivation and processing facilities. The Company brings professionalism and traditional horticultural and proven business practices in medical cannabis industry. The company is led by its CEO Timothy Keogh from its headquarters in Denver, CO.
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All data provided by QuoteMedia and was accurate as of 12:00PM ET.
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