Monarch America Inc (OTO:BTFL) 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 25.0%. After closing the previous session at $0.0004, shares of BTFL opened this morning at 0.0004 and are trading at $0.0003 at the lunch break. So far, about 928,000 shares have changed hands, compared to an average 30-day volume of 63.97 million for Monarch America Inc. Shares moved as high at $0.0004 and as low as $0.0003 in AM trading action.
The share depreciation gives the company a market capitalization of $45,571 based upon 113.93 million shares outstanding.
In the past 52 weeks, shares of Monarch America Inc have traded as low as $0.0001 and as high as $0.0039. Technical traders will take note that at $0.0003, shares of BTFL are trading above their 50-day moving average (MA) at $0.0 and above their 200-day MA at $0.0. 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 BTFL?
Monarch America Inc a fully-integrated cannabis management company engaged in sale and distribution of hydroponic lights and equipment and sales of specialty soil used in the growth of marijuana. The company is led by its CEO from its headquarters in Denver, CO.
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All data provided by QuoteMedia and was accurate as of 12:00PM ET.
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