Kaya Holdings Inc (OTCQB:KAYS) 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 10.2% to close the day at $0.44. Today’s drop came with about 3.16 million shares changing hands, compared to an average of 30-day volume of 1.49 million for KAYS.
The share depreciation gives the company a market capitalization of $55.07 million based upon 112.4 million shares outstanding.
In the past 52 weeks, shares of KAYS have traded as low as $0.045 and as high as $0.575. Technical traders will take note that at 0.44, shares of KAYS are trading above their 50-day moving average (MA) at $0.12 and above their 200-day MA at $0.083. 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 KAYS?
Kaya Holdings Inc develops cannabis operations. It owns & operates Kaya Shack, a medical marijuana dispensary in Portland, Oregon. It produces, distributes & sells cannabis products, including flower, concentrates & cannabis-infused baked goods. The company is led by CEO from its headquarters in Fort Lauderdale, FL.
For more information on KAYS 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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