Marijuana Company of America Inc (OTO:MCOA) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on December 15, skidding 7.82% to close the day at $0.046. Today’s drop came with about 12.28 million shares changing hands, compared to an average of 30-day volume of 28.62 million for Marijuan Co.
The share depreciation gives the company a market capitalization of $44.6 million based upon 893.84 million shares outstanding.
In the past 52 weeks, shares of Marijuan Co have traded as low as $0.0031 and as high as $0.1985. Technical traders will take note that at 0.046, shares of MCOA are trading below their 50-day moving average (MA) at $0.05 and above their 200-day MA at $0.018. Technical analysts pay close attention to these key moving averages because they often serve as technical supports and move under them is typically regarded as bearish. Conversely, holding above these key moving averages or breaking over them is perceived as a sign of bullishness.
Who is Marijuan Co?
Marijuana Company of America Inc is a marijuana marketing and distribution company. It distributes marijuana, CBD and related products nationally and internationally. The company is led by CEO from its headquarters in Bonsall, CA.
For more information on Marijuan Co 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 4:30PM ET.
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