Integrated Cannabis Solutions Inc (OTO:IGPK) 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 20.0% to close the day at $0.0096. Today’s drop came with about 5.02 million shares changing hands, compared to an average of 30-day volume of 1.42 million for IGPK.
The share depreciation gives the company a market capitalization of $7.34 million based upon 612.0 million shares outstanding.
In the past 52 weeks, shares of IGPK have traded as low as $0.0005 and as high as $0.0125. Technical traders will take note that at 0.0096, shares of IGPK 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 IGPK?
Integrated Cannabis Solutions Inc provides consulting and compliance services to the cannabis industry. The Company offers services geared towards reducing the risk, cost and complexity for responsible cannabis businesses. The company is led by CEO from its headquarters in Denver, CO.
For more information on IGPK 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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