Vapir Enterprises Inc (OTCQB:VAPI) had a tough morning trading session on January 25, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 5.41%. After closing the previous session at $0.074, shares of VAPI opened this morning at 0.072 and are trading at $0.07 at the lunch break. So far, about 32,599 shares have changed hands, compared to an average 30-day volume of 86,307 for Vapir Enterprises Inc. Shares moved as high at $0.072 and as low as $0.07 in AM trading action.
The share depreciation gives the company a market capitalization of $3.68 million based upon 49.77 million shares outstanding.
In the past 52 weeks, shares of Vapir Enterprises Inc have traded as low as $0.0233 and as high as $0.35. Technical traders will take note that at $0.07, shares of VAPI are trading below their 50-day moving average (MA) at $0.113 and below their 200-day MA at $0.121. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.
Who is VAPI?
Vapir Enterprises Inc is engaged in inventing, developing and producing aromatherapy devices and vaporizers. Its products include Vaporizers, Prima, VapirRise 2.0 Ultimate, VAPIR NO2 Portable Digital Vaporizer, VAPIR OXYGEN MINI CORDED and others. The company is led by its CEO Adam M. Kotkin from its headquarters in San Jose, CA.
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All data provided by QuoteMedia and was accurate as of 12:00PM ET.
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