mCig (OTCMKTS:MCIG) Stock Price Passes Below 50 Day Moving Average of $0.03

mCig Inc (OTCMKTS:MCIG)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.03 and traded as low as $0.02. mCig shares last traded at $0.03, with a volume of 2,009,500 shares trading hands.

The company has a current ratio of 4.13, a quick ratio of 4.13 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $0.03 and its 200 day simple moving average is $0.03.


mCig, Inc operates in the cannabis industry in the United States and internationally. The company operates through four segments: Cultivation, Manufacturing and Distribution (CMD); Retail Sales; Media and Technologies; and Agriculture. The CMD segment designs, develops, engineers, and constructs modular buildings and green houses that assist cannabis and herbal growers in the market, as well as offers consulting services in the cannabis industry.

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