Two Rivers Water & Farming Company (OTCQB:TURV) 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 6.67% to close the day at $0.7. Today’s drop came with about 67,043 shares changing hands, compared to an average of 30-day volume of 102,760 for Two Rivers.
The share depreciation gives the company a market capitalization of $21.92 million based upon 29.23 million shares outstanding.
In the past 52 weeks, shares of Two Rivers have traded as low as $0.12 and as high as $1.19. Technical traders will take note that at 0.7, shares of TURV are trading above their 50-day moving average (MA) at $0.575 and above their 200-day MA at $0.419. 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 Two Rivers?
Two Rivers Water & Farming Co converts irrigated farmland from traditional use to grow marginally profitable feed crops to use for growing fruit and vegetable crops. The Company has two operating segments: Farms and Water. The company is led by CEO John R. Mckowen from its headquarters in Denver, CO.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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