Cronos Group (CVE:MJN) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Cronos Group Inc (CVE:MJNGet Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$12.15 and traded as low as C$11.90. Cronos Group shares last traded at C$12.15, with a volume of 1,388,975 shares traded.

Cronos Group Stock Performance

The company has a 50 day simple moving average of C$12.15 and a two-hundred day simple moving average of C$12.15.

About Cronos Group

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Cronos Group Inc, formerly PharmaCan Capital Corp, is a Canada-based cannabis company. The Company operates two Licensed Producers (LPs) regulated within Health Canada’s Access to Cannabis for Medical Purposes Regulations (the ACMPR) and holds a portfolio of investments in other Licensed Producers and ACMPR applicants. Its LPs, Peace Naturals Project Inc and In The Zone Produce Ltd., are collectively located on over 125 acres of agricultural land. It also holds equity positions in Licensed Producers Whistler Medical Marijuana, Hydropothecary and Abcann Medicinals.

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