Laguna Blends Inc (OTO:LAGBF) 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 21.5% to close the day at $0.0979. Today’s drop came with about 4,410 shares changing hands, compared to an average of 30-day volume of 32,602 for LAGBF.
The share depreciation gives the company a market capitalization of $3.51 million based upon 28.17 million shares outstanding.
In the past 52 weeks, shares of LAGBF have traded as low as $0.069 and as high as $0.34255. Technical traders will take note that at 0.0979, shares of LAGBF are trading below their 50-day moving average (MA) at $0.209 and below their 200-day MA at $0.165. 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 LAGBF?
Laguna Blends Inc is engaged in sale of nutritional health products derived from hemp. It offers hemp protein, Pro369, and protein coffee. The company is led by CEO from its headquarters in Kelowna, BC.
For more information on LAGBF 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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