Medical Cannabis Payment Solutions (OTO:REFG) 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 12.75% to close the day at $0.13. Today’s drop came with about 207,347 shares changing hands, compared to an average of 30-day volume of 212,391 for REFG.
The share depreciation gives the company a market capitalization of $19.55 million based upon 131.18 million shares outstanding.
In the past 52 weeks, shares of REFG have traded as low as $0.0301 and as high as $0.2. Technical traders will take note that at 0.13, shares of REFG are trading below their 50-day moving average (MA) at $0.139 and above their 200-day MA at $0.08. 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 REFG?
Medical Cannabis Payment Solutions Inc is a medical cannabis company. It creates technologies for the emerging cannabis industry. It is the result of a holding company reorganization with Refill Energy, Inc. The company is led by CEO from its headquarters in Cheyenne, WY.
For more information on REFG 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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