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Cannabis Stock Laggard: Stevia Corp (OTO:STEV) Sheds 12.94% at Midday on December 30

Stevia Corp (OTO:STEV) 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 12.94%. After closing the previous session at $0.02125, shares of STEV opened this morning at 0.0218 and are trading at $0.0185 at the lunch break. So far, about 689,090 shares have changed hands, compared to an average 30-day volume of 310,633 for Stevia Corp. Shares moved as high at $0.0218 and as low as $0.0175 in AM trading action.

The share depreciation gives the company a market capitalization of $4.21 million based upon 198.24 million shares outstanding.

In the past 52 weeks, shares of Stevia Corp have traded as low as $0.0105 and as high as $0.052. Technical traders will take note that at $0.0185, shares of STEV are trading below their 50-day moving average (MA) at $0.023 and below their 200-day MA at $0.026. 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 STEV?

Stevia Corp is a farm management company. The Company through its subsidiary is engaged in commercial development of natural products used for human consumption as well as for aquaculture and agriculture applications. The company is led by its CEO George S. Blankenbaker from its headquarters in Indianapolis, IN.

For more information on STEV and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

About is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

About Jeremy Wilchek

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