Aurora Cannabis Inc (OTCQB:ACBFF) 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 6.09% to close the day at $1.85. Today’s drop came with about 1.36 million shares changing hands, compared to an average of 30-day volume of 611,846 for ACBFF.
The share depreciation gives the company a market capitalization of $563.29 million based upon 285.94 million shares outstanding.
In the past 52 weeks, shares of ACBFF have traded as low as $0.3135 and as high as $2.9631. Technical traders will take note that at 1.85, shares of ACBFF are trading above their 50-day moving average (MA) at $1.83 and above their 200-day MA at $0.977. 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 ACBFF?
Aurora Cannabis Inc is a medical marijuana company. The Company is engaged in producing and distributing medical marijuana pursuant to the Marijuana for Medical Purposes Regulations. The company is led by CEO Terry Booth from its headquarters in Vancouver, BC.
For more information on ACBFF 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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