Amfil Technologies Inc (OTO:AMFE) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, skidding 16.67% to close the day at $0.003. Today’s drop came with about 238,492 shares changing hands, compared to an average of 30-day volume of 96,757 for Amfil Tech.
The share depreciation gives the company a market capitalization of $2.39 million based upon 664.49 million shares outstanding.
In the past 52 weeks, shares of Amfil Tech have traded as low as $0.0015 and as high as $0.0091. Technical traders will take note that at 0.003, shares of AMFE are trading below their 50-day moving average (MA) at $0.003 and below their 200-day MA at $0.003. 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 Amfil Tech?
Amfil Technologies Inc manufactures antimicrobial cleaning systems. It uses ozone to clean and treat food and food-contact surfaces. The company is led by CEO from its headquarters in Markham, ON.
For more information on Amfil Tech 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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