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Home / Market Movers / Cannabis Stock Laggard: Stevia Corp (OTO:STEV) Sheds 5.23% in Early Trading on January 26

Cannabis Stock Laggard: Stevia Corp (OTO:STEV) Sheds 5.23% in Early Trading on January 26

Stevia Corp (OTO:STEV) 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 5.23%. After closing the previous session at $0.02849, shares of STEV opened this morning at $0.0287 and are trading at $0.027 shortly after the opening bell. So far, about 26,219 shares have changed hands, compared to an average of 30-day volume of 633,673 for Stevia Corp. Shares moved as high at $0.0287 and as low as $0.027 in today’s early action.

The share depreciation gives the company a market capitalization of $5.65 million based upon 198.24 million shares outstanding.

In the past 52 weeks, shares of Stevia Corp have traded as low as $0.0121 and as high as $0.052. Technical traders will take note that at $0.027, shares of STEV are trading above their 50-day moving average (MA) at $0.024 and below their 200-day MA at $0.027. 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 STEV?

Stevia Corp is a farm management company. The Company through its subsidiary is engaged in commercial development of natural products used for human consumption as well as for aquaculture and agriculture applications. The company is led by its CEO George S. Blankenbaker from its headquarters in Indianapolis, IN.

For more information on STEV 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 9:30AM ET.

About PotNetwork.com

PotNetwork.com 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 PotNetwork.com. 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: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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