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