Cafe Serendipity Holdings Inc (OTO:CAFS) 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 16.01% to close the day at $0.015. Today’s drop came with about 32,200 shares changing hands, compared to an average of 30-day volume of 27,861 for CAFS.
The share depreciation gives the company a market capitalization of $161,466 based upon 9.04 million shares outstanding.
In the past 52 weeks, shares of CAFS have traded as low as $0.0065 and as high as $0.06. Technical traders will take note that at 0.015, shares of CAFS are trading below their 50-day moving average (MA) at $0.026 and below their 200-day MA at $0.016. 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 CAFS?
Force Fuels, Inc. is engaged in the production of standardized energy based products. These energy based products include traditional hydrocarbon based oil and gas as well as 'green' or 'alternative' energy, which includes solar and wind. The company is led by CEO Oscar Luppi from its headquarters in Newport Beach, CA.
For more information on CAFS 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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