Blue Line Protection Group Inc (OTO:BLPG) 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 5.07% to close the day at $0.0356. Today’s drop came with about 362,683 shares changing hands, compared to an average of 30-day volume of 547,130 for BLPG.
The share depreciation gives the company a market capitalization of $4.74 million based upon 126.35 million shares outstanding.
In the past 52 weeks, shares of BLPG have traded as low as $0.0123 and as high as $0.089. Technical traders will take note that at 0.0356, shares of BLPG are trading above their 50-day moving average (MA) at $0.035 and above their 200-day MA at $0.034. 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 BLPG?
Blue Line Protection Group Inc is engaged in providing armed protection, asset management, logistics, and compliance services for businesses engaged in the legal cannabis industry. The company is led by CEO from its headquarters in Lakewood, CO.
For more information on BLPG 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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