Chuma Holdings Inc (OTO:CHUM) 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 15.09% to close the day at $0.036. Today’s drop came with about 113,000 shares changing hands, compared to an average of 30-day volume of 22,665 for CHUM.
The share depreciation gives the company a market capitalization of $2.8 million based upon 66.1 million shares outstanding.
In the past 52 weeks, shares of CHUM have traded as low as $0.012 and as high as $0.124. Technical traders will take note that at 0.036, shares of CHUM are trading above their 50-day moving average (MA) at $0.035 and above their 200-day MA at $0.031. 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 CHUM?
Chuma Holdings Inc provides turnkey financing and support solutions to the legal cannabis industry & loans to select industry participants. The services offered include compliance consulting, security services, bookkeeping & financial services. The company is led by CEO Paul Shively from its headquarters in Chatsworth, CA.
For more information on CHUM 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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