Shares of MJardin Group Inc (OTCMKTS:MJARF) fell 6.2% during trading on Wednesday . The company traded as low as $0.91 and last traded at $0.93, 4,935 shares changed hands during trading. A decline of 92% from the average session volume of 62,017 shares. The stock had previously closed at $0.99.
Separately, Canaccord Genuity downgraded shares of MJardin Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th.
The company’s fifty day moving average is $1.13.
MJardin Group, Inc, through its subsidiaries, operates as a specialized cannabis management company primarily in the United States and Canada. The company offers its partners turnkey cannabis cultivation, processing, and retail solutions, including licensure support, facility design, systems implementation, equipment leasing, and facility ramp-up services, as well as day-to-day personnel management and oversight, and operation services for large scale production facilities.
Further Reading: Using other technical indicators with support levels
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