Mentor Capital Inc (OTCQB:MNTR) 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 12.71%. After closing the previous session at $0.905, shares of MNTR opened this morning at 0.8975 and are trading at $0.79 at the lunch break. So far, about 154,965 shares have changed hands, compared to an average 30-day volume of 240,810 for Mentor Capital Inc. Shares moved as high at $0.93 and as low as $0.769 in AM trading action.
The share depreciation gives the company a market capitalization of $17.05 million based upon 18.84 million shares outstanding.
In the past 52 weeks, shares of Mentor Capital Inc have traded as low as $0.201 and as high as $1.7. Technical traders will take note that at $0.79, shares of MNTR are trading below their 50-day moving average (MA) at $1.025 and above their 200-day MA at $0.568. 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 Mentor Cap?
Mentor Capital Inc is an investment company. It invests in medical and social use cannabis companies. The company is led by its CEO from its headquarters in Ramona, CA.
For more information on Mentor Cap 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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