Tuesday , March 26 2019
Breaking News
Home / Market Movers / Cannabis Stock Laggard: Maple Leaf Green World Inc (GREY:MPEFF) Drops 12.05% for December 14

Cannabis Stock Laggard: Maple Leaf Green World Inc (GREY:MPEFF) Drops 12.05% for December 14

Maple Leaf Green World Inc (GREY:MPEFF) 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 $0.3263. Today’s drop came with about 37,000 shares changing hands, compared to an average of 30-day volume of 21,334 for Maple Leaf Green.

The share depreciation gives the company a market capitalization of $44.7 million based upon 120.5 million shares outstanding.

In the past 52 weeks, shares of Maple Leaf Green have traded as low as $0.0519 and as high as $0.7439. Technical traders will take note that at 0.3263, shares of MPEFF are trading below their 50-day moving average (MA) at $0.535 and above their 200-day MA at $0.223. 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 Maple Leaf Green?

Maple Leaf Green World Inc along with its subsidiary is exploring opportunities for its eco-agriculture nursery business, including medical marijuana in Canada and USA, and its renewable energy business in China. The company is led by CEO Raymond Lai from its headquarters in Calgary, AB.

For more information on Maple Leaf Green 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.

About PotNetwork.com

PotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

Check Also

Cannabis Stock Leader: Zoned Properties Inc (OTCQX:ZDPY) Advances 23.08% for July 28

Zoned Properties Inc (OTCQX:ZDPY) outpaced most other peers in the directory of the approximately 200 …