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Home / Market Movers / Cannabis Stock Laggard: Amfil Technologies Inc (OTO:AMFE) Sheds 7.94% in Early Trading on December 15

Cannabis Stock Laggard: Amfil Technologies Inc (OTO:AMFE) Sheds 7.94% in Early Trading on December 15

Amfil Technologies Inc (OTO:AMFE) is coming out weak in the 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 an slide of 7.94%. After closing the previous session at $0.0063, shares of AMFE opened this morning at $0.006 and are trading at $0.0058 shortly after the opening bell. So far, about 164,244 shares have changed hands, compared to an average of 30-day volume of 1.76 million for Amfil Technologies Inc. Shares moved as high at $0.006 and as low as $0.0058 in today’s early action.

The share depreciation gives the company a market capitalization of $4.19 million based upon 664.49 million shares outstanding.

In the past 52 weeks, shares of Amfil Technologies Inc have traded as low as $0.0015 and as high as $0.0071. Technical traders will take note that at $0.0058, shares of AMFE are trading above their 50-day moving average (MA) at $0.004 and above their 200-day MA at $0.003. 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 Amfil Tech?

Amfil Technologies Inc manufactures antimicrobial cleaning systems. It uses ozone to clean and treat food and food-contact surfaces. The company is led by its CEO from its headquarters in Markham, ON.


For more information on Amfil Tech 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 9:30AM 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

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