Futureland Corp. (OTCQB:FUTL) had a tough morning trading session on August 16, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with a slide of 10.0%. After closing the previous session at $0.04, shares of FUTL opened this morning at 0.04 and are trading at $0.036 at the lunch break. So far, about 19,000 shares have changed hands, compared to an average 30-day volume of 123,775 for Futureland Corp.. Shares moved as high at $0.04 and as low as $0.036 in AM trading action.
The share depreciation gives the company a market capitalization of $1.35 million based upon 33.87 million shares outstanding.
In the past 52 weeks, shares of Futureland Corp. have traded as low as $0.0225 and as high as $2.5. Technical traders will take note that at $0.036, shares of FUTL are trading below their 50-day moving average (MA) at $0.073 and below their 200-day MA at $0.309. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.
Who is FUTL?
FutureLand Corp is a cannabis and hemp land leasing company. The Company through its subsidiary is engaged in acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States. The company is led by its CEO Keith Duffy from its headquarters in St. Petersburg, FL.
For more information on FUTL and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.
All data provided by QuoteMedia and was accurate as of 12:00PM ET.
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