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Cannabis Stock Laggard: Verde Science Inc (OTO:VRCI) Sheds 6.54% in Early Trading on December 15

Verde Science Inc (OTO:VRCI) is coming out weak in the 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 an slide of 6.54%. After closing the previous session at $0.0107, shares of VRCI opened this morning at $0.01 and are trading at $0.01 shortly after the opening bell. So far, about 5,000 shares have changed hands, compared to an average of 30-day volume of 1.68 million for Verde Science Inc. Shares moved as high at $0.01 and as low as $0.01 in today’s early action.

The share depreciation gives the company a market capitalization of $255,384 based upon 23.87 million shares outstanding.

In the past 52 weeks, shares of Verde Science Inc have traded as low as $0.0001 and as high as $0.07. Technical traders will take note that at $0.01, shares of VRCI are trading below their 50-day moving average (MA) at $0.01 and above their 200-day MA at $0.003. 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 VRCI?

Verde Science Inc is engaged in the discovery of novel drugs and new treatment modalities, cutting-edge diagnostic devices and pharmaceutical delivery systems for the treatment of emerging diseases and contemporary medical issues. The company is led by its CEO Michael P. Kurtanjek from its headquarters in Dallas, TX.

For more information on VRCI and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 9:30AM ET.

About 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 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:

About Jeremy Wilchek

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