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Cannabis Stock Laggard: FBEC Worldwide (OTO:FBEC) Sheds 9.09% in Early Trading on December 15

FBEC Worldwide (OTO:FBEC) 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 9.09%. After closing the previous session at $0.0099, shares of FBEC opened this morning at $0.009 and are trading at $0.009 shortly after the opening bell. So far, about 11,000 shares have changed hands, compared to an average of 30-day volume of 965,174 for FBEC Worldwide. Shares moved as high at $0.009 and as low as $0.009 in today’s early action.

The share depreciation gives the company a market capitalization of $1.27 million based upon 128.01 million shares outstanding.

In the past 52 weeks, shares of FBEC Worldwide have traded as low as $0.0031 and as high as $0.0513. Technical traders will take note that at $0.009, shares of FBEC are trading below their 50-day moving average (MA) at $0.02 and below their 200-day MA at $0.019. 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 FBEC?

FBEC Worldwide Inc is engaged sales, distribution and marketing business for the promotion and sale of hemp based energy drinks. The company is led by its CEO Terry Harris from its headquarters in Cheyenne, WY.

For more information on FBEC and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 9:30AM ET.

About 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 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:

About Jeremy Wilchek

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