Nemus Bioscience Inc. (OTCQB:NMUS) 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 8.46% to close the day at $0.302. Today’s drop came with about 113,843 shares changing hands, compared to an average of 30-day volume of 73,652 for Nemus Bio.
The share depreciation gives the company a market capitalization of $6.86 million based upon 20.8 million shares outstanding.
In the past 52 weeks, shares of Nemus Bio have traded as low as $0.3 and as high as $1.8. Technical traders will take note that at 0.302, shares of NMUS are trading below their 50-day moving average (MA) at $0.497 and below their 200-day MA at $0.536. 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 Nemus Bio?
Nemus Bioscience Inc is a biopharmaceutical company. The Company is engaged in the discovery, development, and the commercialization of cannabis-based therapeutics. The company is led by CEO Brian S. Murphy from its headquarters in Costa Mesa, CA.
For more information on Nemus Bio 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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