Crailar Technologies Inc (OTO:CRLRQ) suffered a bigger decline than most peers in the directory of the approximately 200 stocks we track in the cannabis industry on March 15, skidding 28.57% to close the day at $0.0025. Today’s drop came with about 35,000 shares changing hands, compared to an average of 30-day volume of 169,278 for Crailar Tech.
The share depreciation gives the company a market capitalization of $232,323 based upon 66.38 million shares outstanding.
In the past 52 weeks, shares of Crailar Tech have traded as low as $0.0001 and as high as $0.0065. Technical traders will take note that at 0.0025, shares of CRLRQ are trading below their 50-day moving average (MA) at $0.003 and above their 200-day MA at $0.002. 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 Crailar Tech?
Crailar Technologies Inc is engaged in production of natural & proprietary CRAiLAR Flax fibers for the natural yarn & textile industries. It is also engaged in deployment of CRAiLAR processing technologies in the cellulose pulp & composites industries. The company is working from its headquarters in Victoria, BC.
For more information on Crailar Tech 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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