Vapor Group Inc (OTO:VPOR) 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 12.5% to close the day at $0.0007. Today’s drop came with about 17.67 million shares changing hands, compared to an average of 30-day volume of 27.77 million for VPOR.
The share depreciation gives the company a market capitalization of $2.13 million based upon 2.66 billion shares outstanding.
In the past 52 weeks, shares of VPOR have traded as low as $0.0001 and as high as $0.0022. Technical traders will take note that at 0.0007, shares of VPOR are trading below their 50-day moving average (MA) at $0.001 and below their 200-day MA at $0.001. 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 VPOR?
Vapor Group Inc designs, develops, manufactures and markets vaporizers and e-cigarettes. The Company also offers a range of e-liquid flavors. Its products are marketed under the Vapor Group, Total Vapor, Vapor 123, and Vapor Products brands. The company is led by CEO from its headquarters in Davie, FL.
For more information on VPOR 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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