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Home / Market Movers / Cannabis Stock Laggard: Ubiquitech Software Corp (OTO:UBQU) Sheds 15.49% at Midday on December 15

Cannabis Stock Laggard: Ubiquitech Software Corp (OTO:UBQU) Sheds 15.49% at Midday on December 15

Ubiquitech Software Corp (OTO:UBQU) 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 15.49%. After closing the previous session at $0.0142, shares of UBQU opened this morning at 0.0142 and are trading at $0.012 at the lunch break. So far, about 700,327 shares have changed hands, compared to an average 30-day volume of 4.02 million for Ubiquitech Software Corp. Shares moved as high at $0.0142 and as low as $0.012 in AM trading action.

The share depreciation gives the company a market capitalization of $749,873 based upon 52.81 million shares outstanding.

In the past 52 weeks, shares of Ubiquitech Software Corp have traded as low as $0.0054 and as high as $0.0595. Technical traders will take note that at $0.012, shares of UBQU are trading below their 50-day moving average (MA) at $0.02 and below their 200-day MA at $0.022. 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 UBQU?

Ubiquitech Software Corp is engaged in developing and marketing proprietary specialized computer software to manage electronically stored data. The company is led by its CEO Young Yuan from its headquarters in Las Vegas, NV.


For more information on UBQU 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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