CLS Holdings USA Inc (OTCQB:CLSH) 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 17.78%. After closing the previous session at $1.277, shares of CLSH opened this morning at 1.215 and are trading at $1.05 at the lunch break. So far, about 69,858 shares have changed hands, compared to an average 30-day volume of 6,186 for CLS Holdings USA Inc. Shares moved as high at $1.32 and as low as $1.05 in AM trading action.
The share depreciation gives the company a market capitalization of $25.99 million based upon 20.35 million shares outstanding.
In the past 52 weeks, shares of CLS Holdings USA Inc have traded as low as $0.45 and as high as $1.39. Technical traders will take note that at $1.05, shares of CLSH are trading above their 50-day moving average (MA) at $0.681 and above their 200-day MA at $0.872. 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 CLSH?
CLS Holdings USA Inc is a diversified cannabis company, specializing in the extraction and conversion of cannabinoids. It maintains a proprietary method of extracting various cannabinoids from the marijuana plant and converting them. The company is led by its CEO Jeffrey I. Binder from its headquarters in Boulder, CO.
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All data provided by QuoteMedia and was accurate as of 12:00PM ET.
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