DirectView Holdings Inc (OTO:DIRV) 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 33.33% to close the day at $0.001. Today’s drop came with about 191.67 million shares changing hands, compared to an average of 30-day volume of 25.12 million for DIRV.
The share depreciation gives the company a market capitalization of $191,778 based upon 127.85 million shares outstanding.
In the past 52 weeks, shares of DIRV have traded as low as $0.0007 and as high as $0.1925. Technical traders will take note that at 0.001, shares of DIRV are trading below their 50-day moving average (MA) at $0.002 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 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 DIRV?
DirectView Holdings Inc is a service provider of teleconferencing services to businesses and organizations. The Company also designs and installs surveillance systems, digital video recording and services. The company is led by CEO Roger Ralston from its headquarters in Boca Raton, FL.
For more information on DIRV 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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