Will CBD of Denver (OTCMKTS:CBDD) Recover?

CBD of Denver (OTCMKTS:CBDD) stock is trading lower on Friday. Again. Will it bounce back?

Market Action

As of 12:23, CBDD stock is trading at $0.0106, down by 4.91%. More than 14.28 million shares have traded hands. The stock opened at $0.0101 and moved within a range of $0.0101-$0.0380.

CBDD Issues New PR

 CBD of Denver released news this morning. Here are the key takeaways:

  • Its management team will present at the Investor Hot Seat on May 20, 2021.
  • Investor Hot Seat organizes live events and webinars where a panel of investor judges and a webinar audience of investors listen to presentations.
  • More than 1400 investors from 50 countries registered for the last Investor Hot Seat in January 2021.

Earlier in the week CBDD announce that it generated $2.44 million (USD) in revenue in April, up 467% from $0.43 million in April 2020.

Trader Notes

CBDD has been trending lower with most of the OTC stocks after February’s big run. CBDD did break below a very minor support area on the open, but has managed to hold. Potential pivot points to keep track of are .011, .012 and .013 above and .10, .009 and .008 below. There has been some positive news coming out of CBDD but the question remains, is it enough to get the stock running again?

Related Posts

About The Author