Buildablock Corp (OTO:BABL) 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 40.35%. After closing the previous session at $0.023, shares of BABL opened this morning at 0.016 and are trading at $0.0137 at the lunch break. So far, about 3.33 million shares have changed hands, compared to an average 30-day volume of 1.02 million for Buildablock Corp. Shares moved as high at $0.0198 and as low as $0.011 in AM trading action.
The share depreciation gives the company a market capitalization of $3.21 million based upon 139.54 million shares outstanding.
In the past 52 weeks, shares of Buildablock Corp have traded as low as $0.001 and as high as $0.0231. Technical traders will take note that at $0.0137, shares of BABL are trading above their 50-day moving average (MA) at $0.005 and above their 200-day MA at $0.003. 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 Buildablock?
Buildablock Corporation operates a social networking website that focuses on the local neighborhood. The Company also offers a search engine for e-commerce that combines group buying, couponing, and price aggregation. The company is led by its CEO Gary Oberman from its headquarters in Ile-Des-Soeurs, QC.
For more information on Buildablock 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 12:00PM ET.
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