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Cannabis Stock Laggard: HempAmericana Inc (OTO:HMPQ) Sheds 19.44% at Midday on October 31

HempAmericana Inc (OTO:HMPQ) 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 19.44%. After closing the previous session at $0.018, shares of HMPQ opened this morning at 0.021 and are trading at $0.0145 at the lunch break. So far, about 778,912 shares have changed hands, compared to an average 30-day volume of 2.74 million for HempAmericana Inc. Shares moved as high at $0.021 and as low as $0.0114 in AM trading action.

The share depreciation gives the company a market capitalization of $213,495 based upon 11.86 million shares outstanding.

In the past 52 weeks, shares of HempAmericana Inc have traded as low as $0.0035 and as high as $0.0539. Technical traders will take note that at $0.0145, shares of HMPQ are trading above their 50-day moving average (MA) at $0.01 and below their 200-day MA at $0.015. 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 HMPQ?

HempAmericana Inc is a development stage company. It is engaged in the research and development of hemp-based products. The company is led by its CEO from its headquarters in New York City, NY.


For more information on HMPQ 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.

About PotNetwork.com

PPotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. 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: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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