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

Cronos Group Inc (CVE:MJN) passed below its 50 day moving average during trading on Friday . 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 trading hands.

Cronos Group Trading Down 1.9%

The firm’s fifty day moving average price is C$12.15 and its two-hundred day moving average price 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.