Bang Holdings Corp (OTCQB:BXNG) 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 7.97% to close the day at $1.7845. Today’s drop came with about 2,295 shares changing hands, compared to an average of 30-day volume of 2,099 for BXNG.
The share depreciation gives the company a market capitalization of $45.12 million based upon 23.27 million shares outstanding.
In the past 52 weeks, shares of BXNG have traded as low as $0.99 and as high as $4.0. Technical traders will take note that at 1.7845, shares of BXNG are trading below their 50-day moving average (MA) at $2.203 and below their 200-day MA at $1.873. 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 BXNG?
Bang Holdings Corp along with its subsidiary is a marketer of products for the vapor industry. It is engaged in developing and selling E-Cigarette products. Its products include vaporizer pens, e-liquids, e-cigarettes and among others. The company is led by CEO Steve Berke from its headquarters in North Miami Beach, FL.
For more information on BXNG 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 4:30PM ET.
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