Acology Inc (OTO:ACOL) had a tough morning trading session on December 15, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 11.11%. After closing the previous session at $0.0036, shares of ACOL opened this morning at 0.0036 and are trading at $0.0032 at the lunch break. So far, about 3.1 million shares have changed hands, compared to an average 30-day volume of 16.89 million for Acology Inc . Shares moved as high at $0.0036 and as low as $0.003 in AM trading action.
The share depreciation gives the company a market capitalization of $18.59 million based upon 5.16 billion shares outstanding.
In the past 52 weeks, shares of Acology Inc have traded as low as $0.0004 and as high as $0.0073. Technical traders will take note that at $0.0032, shares of ACOL are trading above their 50-day moving average (MA) at $0.003 and above their 200-day MA at $0.001. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.
Who is ACOL?
Acology Inc through its distributors, is engaged in the business of designing, manufacturing, branding & selling proprietary plastic medical grade containers that can store pharmaceuticals, herbs, teas and other solids or liquids. The company is led by its CEO from its headquarters in Corona, CA.
For more information on ACOL 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 12:00PM ET.
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