IMD Companies Inc (OTO:ICBU) 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 9.39% to close the day at $0.0056. Today’s drop came with about 10.62 million shares changing hands, compared to an average of 30-day volume of 18.62 million for ICBU.
The share depreciation gives the company a market capitalization of $1.86 million based upon 300.46 million shares outstanding.
In the past 52 weeks, shares of ICBU have traded as low as $0.00035 and as high as $0.0108. Technical traders will take note that at 0.0056, shares of ICBU are trading above their 50-day moving average (MA) at $0.002 and above their 200-day MA at $0.001. 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 ICBU?
IMD Companies Inc focuses on all aspects of health and wellness, including diagnostic technologies, adult and juvenile weight loss, nutrition, fitness, and personal image. The company is led by CEO from its headquarters in Tampa, FL.
For more information on ICBU 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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