Nemus Bioscience Inc. (OTCQB:NMUS) had a tough morning trading session on December 30, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 6.03%. After closing the previous session at $0.3299, shares of NMUS opened this morning at 0.33 and are trading at $0.31 at the lunch break. So far, about 40,224 shares have changed hands, compared to an average 30-day volume of 73,652 for Nemus Bioscience Inc.. Shares moved as high at $0.33 and as low as $0.3 in AM trading action.
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 Bioscience Inc. have traded as low as $0.3 and as high as $1.8. Technical traders will take note that at $0.31, 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 support and resistance levels and because a move beneath them is typically regarded as bearish.
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 its CEO Brian S. Murphy from its headquarters in Costa Mesa, CA.
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All data provided by QuoteMedia and was accurate as of 12:00PM ET.
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