Canna Consumer Goods Inc (OTO:CBMJ) 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 20.0%. After closing the previous session at $0.005, shares of CBMJ opened this morning at 0.004 and are trading at $0.004 at the lunch break. So far, about 10,000 shares have changed hands, compared to an average 30-day volume of 327,104 for Canna Consumer Goods Inc. Shares moved as high at $0.004 and as low as $0.004 in AM trading action.
The share depreciation gives the company a market capitalization of $190,554 based upon 38.11 million shares outstanding.
In the past 52 weeks, shares of Canna Consumer Goods Inc have traded as low as $0.0011 and as high as $0.02. Technical traders will take note that at $0.004, shares of CBMJ are trading below their 50-day moving average (MA) at $0.007 and below their 200-day MA at $0.004. 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 CBMJ?
Canna Consumer Goods Inc, through its wholly-owned subsidiary is engaged in providing branding and marketing solutions for cannabis companies on the West Coast states of Washington, Oregon & California for medical and/or recreational use. The company is led by its CEO Mark Schaftlein from its headquarters in West Palm Beach, FL.
For more information on CBMJ 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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