Some cannabis stocks have managed to make a comeback of sorts this year and yesterday, it was the Auxly Cannabis Group Inc (OTCMKTS:CBWTF) stock which was in focus among investors.
Market Action:
On Monday, CBWTF stock rose 5.30% at $0.1878 with more than 680.84K shares, compared to its average volume of 614K shares. The stock has moved within a range of $0.1640 – 0.1899 after opening the trade at $0.1640.
To Report Third Quarter Earnings This Month
The company, which is involved in the packaged good space in the cannabis industry, saw its stock jump by as much as 6%. The jump in the stock came about after the company announced that it was going to release its financial results for the third fiscal quarter, which had ended on September 30, 2021, on November 15. It was also announced that the result was going to be announced after the opening of the markets.
In addition to that, Auxly also mentioned that it was also going to host a conference call in which the results were going to be discussed. The conference call is going to be hosted on the day of the result at 10 a.m. Eastern Standard Time. Investors have been directed to dial in to the conference call no less than 10 minutes before the commencement. However, it is important to point out that record of the conference call will be made available on the Auxly website after 24 hours.
Traders Note
CBWTF stock is trading above the 20-Day and 50-Day Moving averages of $0.18 and $0.19 respectively. However, the stock is trading below the 200-Day moving average of $0.25. The stock is down 39% in the past 6-month.
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