Eco Science Solutions Inc (OTO:ESSI) 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 12.05% to close the day at $2.7. Today’s drop came with about 1.66 million shares changing hands, compared to an average of 30-day volume of 624,931 for ESSI.
The share depreciation gives the company a market capitalization of $100.48 million based upon 32.73 million shares outstanding.
In the past 52 weeks, shares of ESSI have traded as low as $0.007 and as high as $3.49. Technical traders will take note that at 2.7, shares of ESSI are trading above their 50-day moving average (MA) at $1.571 and above their 200-day MA at $0.737. 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 ESSI?
Eco Science Solutions Inc is engaged in developing & manufacturing EcoFlora Plug, a revolutionary technological for spark plug & internal combustion engine used in cars. The company is led by CEO Michael Borkowski from its headquarters in Makawao, HI.
For more information on ESSI 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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