Wee-Cig International Corp (OTO:WCIG) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on February 13, skidding 16.67% to close the day at $0.0075. Today’s drop came with about 210,000 shares changing hands, compared to an average of 30-day volume of 260,293 for WCIG.
The share depreciation gives the company a market capitalization of $412,851 based upon 45.87 million shares outstanding.
In the past 52 weeks, shares of WCIG have traded as low as $0.0012 and as high as $0.02. Technical traders will take note that at 0.0075, shares of WCIG are trading above their 50-day moving average (MA) at $0.006 and above their 200-day MA at $0.003. Technical analysts pay close attention to these key moving averages because they often serve as technical supports and move under them is typically regarded as bearish. Conversely, holding above these key moving averages or breaking over them is perceived as a sign of bullishness.
Who is WCIG?
Wee-Cig International Corp is engaged in designing, developing, manufacturing, marketing & distributing electronic cigarettes and vaporizers. Its products includes; Wee-C, Wee-T & Wee-E, Wee-V, Wee-Blockz and Wee-True. The company is led by CEO Jaclyn Cruz from its headquarters in Las Vegas, NV.
For more information on WCIG 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 4:30PM ET.
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