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Home / Market Movers / Cannabis Stock Laggard: Trailblazer Resources Inc. (OTO:ENCC) Sheds 20.0% in Early Trading on January 26

Cannabis Stock Laggard: Trailblazer Resources Inc. (OTO:ENCC) Sheds 20.0% in Early Trading on January 26

Trailblazer Resources Inc. (OTO:ENCC) 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 20.0%. After closing the previous session at $0.0175, shares of ENCC opened this morning at $0.0172 and are trading at $0.014 shortly after the opening bell. So far, about 21,724 shares have changed hands, compared to an average of 30-day volume of 278,544 for Trailblazer Resources Inc.. Shares moved as high at $0.0172 and as low as $0.014 in today’s early action.

The share depreciation gives the company a market capitalization of $1.17 million based upon 66.91 million shares outstanding.

In the past 52 weeks, shares of Trailblazer Resources Inc. have traded as low as $0.0045 and as high as $0.054. Technical traders will take note that at $0.014, shares of ENCC are trading above their 50-day moving average (MA) at $0.013 and below their 200-day MA at $0.025. 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 ENCC?

Encompass Compliance Corp is engaged in providing workplace drug, alcohol & marijuana compliance services. It provides organizations with policies, procedures and training for supervisors and employees to manage their programs. The company is led by its CEO from its headquarters in Cornelius, NC.

For more information on ENCC 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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