Cartel Blue (OTO:CRTL) 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 19.32% to close the day at $0.0238. Today’s drop came with about 11,100 shares changing hands, compared to an average of 30-day volume of 86,978 for Cartel Blue.
The share depreciation gives the company a market capitalization of $11.07 million based upon 375.15 million shares outstanding.
In the past 52 weeks, shares of Cartel Blue have traded as low as $0.0116 and as high as $0.36. Technical traders will take note that at 0.0238, shares of CRTL are trading below their 50-day moving average (MA) at $0.044 and below their 200-day MA at $0.107. 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 Cartel Blue?
Cartel Blue Inc is an apparel manufacturing company. It manufactures eco-friendly cotton, premium jeans and tops for both men and women. The company is led by CEO from its headquarters in Los Angeles, CA.
For more information on Cartel Blue 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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