Freedom Leaf Inc (OTO:FRLF) 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 9.89% to close the day at $0.092. Today’s drop came with about 5,425 shares changing hands, compared to an average of 30-day volume of 48,901 for Freedom Leaf.
The share depreciation gives the company a market capitalization of $10.05 million based upon 98.41 million shares outstanding.
In the past 52 weeks, shares of Freedom Leaf have traded as low as $0.08 and as high as $0.31. Technical traders will take note that at 0.092, shares of FRLF are trading below their 50-day moving average (MA) at $0.123 and below their 200-day MA at $0.142. 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 Freedom Leaf?
Freedom Leaf Inc is a development stage company. The Company is engaged in the print and online publications of news, art, fashion, lifestyle, entertainment and the cannabis industry through social media and on its website. The company is led by CEO Clifford J. Perry from its headquarters in Las Vegas, NV.
For more information on Freedom Leaf 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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