Vapir Enterprises Inc (OTCQB:VAPI) 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 5.26% to close the day at $0.09. Today’s drop came with about 46,200 shares changing hands, compared to an average of 30-day volume of 39,973 for VAPI.
The share depreciation gives the company a market capitalization of $4.73 million based upon 49.77 million shares outstanding.
In the past 52 weeks, shares of VAPI have traded as low as $0.0233 and as high as $0.35. Technical traders will take note that at 0.09, shares of VAPI are trading below their 50-day moving average (MA) at $0.133 and below their 200-day MA at $0.122. 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 VAPI?
Vapir Enterprises Inc is engaged in inventing, developing and producing aromatherapy devices and vaporizers. Its products include Vaporizers, Prima, VapirRise 2.0 Ultimate, VAPIR NO2 Portable Digital Vaporizer, VAPIR OXYGEN MINI CORDED and others. The company is led by CEO Adam M. Kotkin from its headquarters in San Jose, CA.
For more information on VAPI 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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