Canopy Growth Corp (OTO:TWMJF) 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 5.66% to close the day at $7.7362. Today’s drop came with about 307,300 shares changing hands, compared to an average of 30-day volume of 511,190 for TWMJF.
The share depreciation gives the company a market capitalization of $952.98 million based upon 116.22 million shares outstanding.
In the past 52 weeks, shares of TWMJF have traded as low as $1.76 and as high as $14.39. Technical traders will take note that at 7.7362, shares of TWMJF are trading above their 50-day moving average (MA) at $6.367 and above their 200-day MA at $3.358. 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 TWMJF?
Canopy Growth Corp is a multi-brand holding company. Through its subsidiaries Tweed Inc, Tweed Farms Inc, and Bedrocan Canada Inc, the Company is engaged in growing and distributing marijuana products to patients across Canada. The company is led by CEO Bruce Linton from its headquarters in Smiths Falls, ON.
For more information on TWMJF 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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