Shares of United Cannabis Corp (OTCMKTS:CNAB) dropped 5% during mid-day trading on Monday . The company traded as low as $0.13 and last traded at $0.13, approximately 199,105 shares were traded during mid-day trading. A decline of 51% from the average daily volume of 402,415 shares. The stock had previously closed at $0.14.
The business has a 50 day simple moving average of $0.17 and a 200-day simple moving average of $0.36.
United Cannabis (OTCMKTS:CNAB) last posted its earnings results on Thursday, November 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $4.72 million during the quarter.
United Cannabis Corporation owns intellectual properties related to growth, production, manufacture, marketing, management, utilization, and distribution of medical marijuana and marijuana infused products in the United States. The company focuses on developing therapeutics, including Prana Bio Nutrient Medicinal products for supplement deficiencies related to the endocannabinoid system, including pain, neuropathy, arthritis, MS, IBS, autism, seizures, eczema, sleep, anxiety, head trauma, opioid dependency, and clinical endocannabinoid deficiencies; and Prana Aromatherapy Transdermal Roll-on line that provides targeted and large surface relief with combinations of aromatherapy.
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