Cronos Group (CVE:MJN) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Cronos Group Inc (CVE:MJN)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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.

Cronos Group Trading Down 1.9%

The company’s fifty day simple moving average is C$12.15 and its 200-day simple moving average is C$12.15.

Cronos Group Company Profile

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.