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Home / Market Movers / Cannabis Stock Laggard: Nutritional High International Inc (OTCQB:SPLIF) Sheds 7.51% at Midday on December 15

Cannabis Stock Laggard: Nutritional High International Inc (OTCQB:SPLIF) Sheds 7.51% at Midday on December 15

Nutritional High International Inc (OTCQB:SPLIF) 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 7.51%. After closing the previous session at $0.205, shares of SPLIF opened this morning at 0.2067 and are trading at $0.1896 at the lunch break. So far, about 53,475 shares have changed hands, compared to an average 30-day volume of 238,677 for Nutritional High International Inc. Shares moved as high at $0.2067 and as low as $0.18 in AM trading action.

The share depreciation gives the company a market capitalization of $49.09 million based upon 239.46 million shares outstanding.

In the past 52 weeks, shares of Nutritional High International Inc have traded as low as $0.0222 and as high as $0.321. Technical traders will take note that at $0.1896, shares of SPLIF are trading above their 50-day moving average (MA) at $0.183 and above their 200-day MA at $0.071. 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 SPLIF?

Nutritional High International Inc is engaged in process of developing brands, trademark applications, and packaging for a confectionery line. It is also developing a licensing/franchising system to work with licensed marijuana edibles manufacturers. The company is led by its CEO from its headquarters in Toronto, ON.

For more information on SPLIF 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.

About PotNetwork.com

PPotNetwork.com 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 PotNetwork.com. 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: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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