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Cannabis Stock Laggard: Cafe Serendipity Holdings Inc (OTO:CAFS) Sheds 31.03% at Midday on January 26

Cafe Serendipity Holdings Inc (OTO:CAFS) had a tough morning trading session on January 26, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 31.03%. After closing the previous session at $0.0725, shares of CAFS opened this morning at 0.0766 and are trading at $0.05 at the lunch break. So far, about 93,078 shares have changed hands, compared to an average 30-day volume of 56,303 for Cafe Serendipity Holdings Inc. Shares moved as high at $0.079 and as low as $0.048 in AM trading action.

The share depreciation gives the company a market capitalization of $655,449 based upon 9.04 million shares outstanding.

In the past 52 weeks, shares of Cafe Serendipity Holdings Inc have traded as low as $0.0065 and as high as $0.099. Technical traders will take note that at $0.05, shares of CAFS are trading above their 50-day moving average (MA) at $0.033 and above their 200-day MA at $0.019. 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 CAFS?

Force Fuels, Inc. is engaged in the production of standardized energy based products. These energy based products include traditional hydrocarbon based oil and gas as well as 'green' or 'alternative' energy, which includes solar and wind. The company is led by its CEO Oscar Luppi from its headquarters in Newport Beach, CA.

For more information on CAFS and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

About is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

About Jeremy Wilchek

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