Acology Inc (OTO:ACOL) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 25, skidding 10.49% to close the day at $0.0145. Today’s drop came with about 41.26 million shares changing hands, compared to an average of 30-day volume of 13.24 million for ACOL.
The share depreciation gives the company a market capitalization of $83.66 million based upon 5.16 billion shares outstanding.
In the past 52 weeks, shares of ACOL have traded as low as $0.0004 and as high as $0.0175. Technical traders will take note that at 0.0145, shares of ACOL are trading above their 50-day moving average (MA) at $0.005 and above their 200-day MA at $0.002. 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 ACOL?
Acology Inc through its distributors, is engaged in the business of designing, manufacturing, branding & selling proprietary plastic medical grade containers that can store pharmaceuticals, herbs, teas and other solids or liquids. The company is led by CEO from its headquarters in Corona, CA.
For more information on ACOL 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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