Heliospectra AB ADR (Sponsored) (OTCQB:HLSPY) 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 6.78%. After closing the previous session at $1.18, shares of HLSPY opened this morning at 1.15 and are trading at $1.1 at the lunch break. So far, about 21,082 shares have changed hands, compared to an average 30-day volume of 27,597 for Heliospectra AB ADR (Sponsored). Shares moved as high at $1.2 and as low as $1.05 in AM trading action.
The share depreciation gives the company a market capitalization of $26.14 million based upon 22.15 million shares outstanding.
In the past 52 weeks, shares of Heliospectra AB ADR (Sponsored) have traded as low as $0.76 and as high as $2.6. Technical traders will take note that at $1.1, shares of HLSPY are trading below their 50-day moving average (MA) at $1.25 and below their 200-day MA at $1.232. 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 HLSPY?
Heliospectra AB provides lighting technology for plant research and greenhouse cultivation. The company is led by its CEO from its headquarters in Gothenburg, .
For more information on HLSPY 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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