CV Sciences Inc. (OTCQB:CVSI) 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 10.77%. After closing the previous session at $0.325, shares of CVSI opened this morning at $0.33 and are trading at $0.29 shortly after the opening bell. So far, about 165,467 shares have changed hands, compared to an average of 30-day volume of 1.36 million for CV Sciences Inc.. Shares moved as high at $0.33 and as low as $0.288 in today’s early action.
The share depreciation gives the company a market capitalization of $18.47 million based upon 56.84 million shares outstanding.
In the past 52 weeks, shares of CV Sciences Inc. have traded as low as $0.1 and as high as $0.9866. Technical traders will take note that at $0.29, shares of CVSI are trading below their 50-day moving average (MA) at $0.499 and below their 200-day MA at $0.409. 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 CVSI?
CV Sciences Inc is a life science company. The Company operates two business segments specialty pharmaceutical and consumer product. The company is led by its CEO Michael Mona from its headquarters in Las Vegas, NV.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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