Advantis Corp (OTO:ADVT) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on December 14, skidding 6.06% to close the day at $0.0031. Today’s drop came with about 403,330 shares changing hands, compared to an average of 30-day volume of 2.56 million for ADVT.
The share depreciation gives the company a market capitalization of $2.05 million based upon 620.73 million shares outstanding.
In the past 52 weeks, shares of ADVT have traded as low as $0.0011 and as high as $0.015. Technical traders will take note that at 0.0031, shares of ADVT are trading below their 50-day moving average (MA) at $0.005 and below their 200-day MA at $0.005. 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 ADVT?
Advantis Corp engages in the development of products that supply the medical cannabis, research, and pharmaceutical industries. The company is led by CEO from its headquarters in Santa Ana, CA.
For more information on ADVT 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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