FBEC Worldwide (OTO:FBEC) 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 12.12% to close the day at $0.0087. Today’s drop came with about 1.54 million shares changing hands, compared to an average of 30-day volume of 1.34 million for FBEC.
The share depreciation gives the company a market capitalization of $1.34 million based upon 135.3 million shares outstanding.
In the past 52 weeks, shares of FBEC have traded as low as $0.0031 and as high as $0.0513. Technical traders will take note that at 0.0087, shares of FBEC are trading below their 50-day moving average (MA) at $0.011 and below their 200-day MA at $0.018. 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 FBEC?
FBEC Worldwide Inc is engaged sales, distribution and marketing business for the promotion and sale of hemp based energy drinks. The company is led by CEO Terry Harris from its headquarters in Cheyenne, WY.
For more information on FBEC 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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