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Home / Market Movers / Cannabis Stock Laggard: Wee-Cig International Corp (OTO:WCIG) Sheds 37.5% at Midday on October 31

Cannabis Stock Laggard: Wee-Cig International Corp (OTO:WCIG) Sheds 37.5% at Midday on October 31

Wee-Cig International Corp (OTO:WCIG) 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 37.5%. After closing the previous session at $0.008, shares of WCIG opened this morning at 0.009 and are trading at $0.005 at the lunch break. So far, about 100,000 shares have changed hands, compared to an average 30-day volume of 163,912 for Wee-Cig International Corp. Shares moved as high at $0.009 and as low as $0.005 in AM trading action.

The share depreciation gives the company a market capitalization of $366,979 based upon 45.87 million shares outstanding.

In the past 52 weeks, shares of Wee-Cig International Corp have traded as low as $0.0012 and as high as $0.009. Technical traders will take note that at $0.005, shares of WCIG are trading above their 50-day moving average (MA) at $0.002 and above their 200-day MA at $0.002. 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 WCIG?

Wee-Cig International Corp is engaged in designing, developing, manufacturing, marketing & distributing electronic cigarettes and vaporizers. Its products includes; Wee-C, Wee-T & Wee-E, Wee-V, Wee-Blockz and Wee-True. The company is led by its CEO Jaclyn Cruz from its headquarters in Las Vegas, NV.


For more information on WCIG 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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