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Cannabis Stock Laggard: Nemus Bioscience Inc. (OTCQB:NMUS) Sheds 7.37% in Early Trading on January 26

Nemus Bioscience Inc. (OTCQB:NMUS) is coming out weak in the 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 an slide of 7.37%. After closing the previous session at $0.38, shares of NMUS opened this morning at $0.38 and are trading at $0.352 shortly after the opening bell. So far, about 12,713 shares have changed hands, compared to an average of 30-day volume of 82,733 for Nemus Bioscience Inc.. Shares moved as high at $0.38 and as low as $0.352 in today’s early action.

The share depreciation gives the company a market capitalization of $7.9 million based upon 20.8 million shares outstanding.

In the past 52 weeks, shares of Nemus Bioscience Inc. have traded as low as $0.3 and as high as $1.8. Technical traders will take note that at $0.352, shares of NMUS are trading below their 50-day moving average (MA) at $0.411 and below their 200-day MA at $0.511. 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 Nemus Bio?

Nemus Bioscience Inc is a biopharmaceutical company. The Company is engaged in the discovery, development, and the commercialization of cannabis-based therapeutics. The company is led by its CEO Brian S. Murphy from its headquarters in Costa Mesa, CA.

For more information on Nemus Bio 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 9:30AM ET.

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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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