United Cannabis (OTCMKTS:CNAB) Shares Down 5%

United Cannabis Corp (OTCMKTS:CNAB)’s share price fell 5% during trading on Monday . The stock traded as low as $0.13 and last traded at $0.13, 199,105 shares traded hands during mid-day trading. A decline of 51% from the average session volume of 402,415 shares. The stock had previously closed at $0.14.

The company has a 50 day moving average price of $0.16 and a 200 day moving average price of $0.35.

United Cannabis (OTCMKTS:CNAB) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $4.72 million during the quarter.

United Cannabis Company Profile (OTCMKTS:CNAB)

United Cannabis Corporation owns intellectual properties related to growth, production, manufacture, marketing, management, utilization, and distribution of medical marijuana and marijuana infused products in the United States. The company focuses on developing therapeutics, including Prana Bio Nutrient Medicinal products for supplement deficiencies related to the endocannabinoid system, including pain, neuropathy, arthritis, MS, IBS, autism, seizures, eczema, sleep, anxiety, head trauma, opioid dependency, and clinical endocannabinoid deficiencies; and Prana Aromatherapy Transdermal Roll-on line that provides targeted and large surface relief with combinations of aromatherapy.

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