Cannabis Stock Laggard: Cartel Blue (OTO:CRTL) Sheds 33.11% at Midday on January 11

11/01/2017 18:25

Cartel Blue (OTO:CRTL) had a tough morning trading session on January 11, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 33.11%. After closing the previous session at $0.0299, shares of CRTL opened this morning at 0.025 and are trading at $0.02 at the lunch break. So far, about 91,900 shares have changed hands, compared to an average 30-day volume of 119,530 for Cartel Blue. Shares moved as high at $0.025 and as low as $0.017 in AM trading action.

The share depreciation gives the company a market capitalization of $11.22 million based upon 375.15 million shares outstanding.

In the past 52 weeks, shares of Cartel Blue have traded as low as $0.0111 and as high as $0.3. Technical traders will take note that at $0.02, shares of CRTL are trading below their 50-day moving average (MA) at $0.036 and below their 200-day MA at $0.098. 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 Cartel Blue?

Cartel Blue Inc is an apparel manufacturing company. It manufactures eco-friendly cotton, premium jeans and tops for both men and women. The company is led by its CEO from its headquarters in Los Angeles, CA.

For more information on Cartel Blue 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 12:00PM 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:

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