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Cannabis Stock Laggard: Digipath Inc (OTCQB:DIGP) Sheds 6.75% at Midday on October 31

Digipath Inc (OTCQB:DIGP) 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 6.75%. After closing the previous session at $0.2149, shares of DIGP opened this morning at 0.215 and are trading at $0.2004 at the lunch break. So far, about 35,402 shares have changed hands, compared to an average 30-day volume of 107,260 for Digipath Inc. Shares moved as high at $0.2199 and as low as $0.2004 in AM trading action.

The share depreciation gives the company a market capitalization of $4.74 million based upon 22.07 million shares outstanding.

In the past 52 weeks, shares of Digipath Inc have traded as low as $0.09 and as high as $0.28. Technical traders will take note that at $0.2004, shares of DIGP are trading below their 50-day moving average (MA) at $0.209 and above their 200-day MA at $0.19. 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 DIGP?

Digipath Inc is engaged in developing and selling of reliable digital microscopy solutions. The Company's products include PathScope, PathLive, PathPlant, PathCloud, PathReview, PathConsult, PathIA and PathStore. The company is led by its CEO Steven D. Barbee from its headquarters in Las Vegas, NV.

For more information on DIGP and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

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DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

About Jeremy Wilchek

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