Mettrum Health Corp (CDX:MT:CA) 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 5.31% to close the day at $6.78. Today’s drop came with about 875,639 shares changing hands, compared to an average of 30-day volume of 1.43 million for Mettrum Heal.
The share depreciation gives the company a market capitalization of $340.29 million based upon 47.53 million shares outstanding.
In the past 52 weeks, shares of Mettrum Heal have traded as low as $1.4 and as high as $8.25. Technical traders will take note that at 6.78, shares of MT:CA are trading above their 50-day moving average (MA) at $5.04 and above their 200-day MA at $2.888. 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 Mettrum Heal?
Mettrum Health Corp is a producer of medical cannabis and cannabis products. The company is led by CEO Michael Haines from its headquarters in Bowmanville, ON.
For more information on Mettrum Heal 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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