Acacia Diversified Hldgs (OTCQB:ACCA) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on December 30, skidding 8.89% to close the day at $1.5. Today’s drop came with about 1,405 shares changing hands, compared to an average of 30-day volume of 464 for ACCA.
The share depreciation gives the company a market capitalization of $25.44 million based upon 15.45 million shares outstanding.
In the past 52 weeks, shares of ACCA have traded as low as $0.15 and as high as $2.9. Technical traders will take note that at 1.5, shares of ACCA are trading below their 50-day moving average (MA) at $1.79 and below their 200-day MA at $1.905. Technical analysts pay close attention to these key moving averages because they often serve as technical supports and move under them is typically regarded as bearish. Conversely, holding above these key moving averages or breaking over them is perceived as a sign of bullishness.
Who is ACCA?
Acacia Diversified Holdings Inc acquires and operates automotive auctions. It includes automobile, truck, equipment, boat, motor home, RV, motorsports, and other related vehicles. The company is led by CEO from its headquarters in Clearwater, FL.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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