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Home / Market Movers / Cannabis Stock Laggard: Efftec Intl Inc (OTO:EFFI) Sheds 31.86% at Midday on November 10

Cannabis Stock Laggard: Efftec Intl Inc (OTO:EFFI) Sheds 31.86% at Midday on November 10

Efftec Intl Inc (OTO:EFFI) had a tough morning trading session on November 10, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 31.86%. After closing the previous session at $0.0056, shares of EFFI opened this morning at 0.0059 and are trading at $0.0038 at the lunch break. So far, about 24.15 million shares have changed hands, compared to an average 30-day volume of 27.79 million for Efftec Intl Inc. Shares moved as high at $0.0059 and as low as $0.0028 in AM trading action.

The share depreciation gives the company a market capitalization of $348,833 based upon 62.29 million shares outstanding.

In the past 52 weeks, shares of Efftec Intl Inc have traded as low as $0.0004 and as high as $0.0092. Technical traders will take note that at $0.0038, shares of EFFI 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 Efftec Intl Inc?

EffTec International Inc through its subsidiaries is engaged in the sales of hardware and nutrients into the hydroponics and indoor plant growth markets. The company is led by its CEO from its headquarters in Las Vegas, NV.

For more information on Efftec Intl Inc 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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