The CBD industry has grown by leaps and bounds over the course of the past few years and investors are increasingly looking for options in that particular sector. If you are looking into such stocks at this point in time then you could consider looking into the Vext Science Inc (OTCMKTS:VEXTF) stock.
Market Action
On Thursday, VEXTF stock ended flat at $0.4777 with 40 shares, compared to its average volume of 46K shares. The stock has moved within a range of $0.4777 – 0.4777 after opening trade at $0.4750.
Vext Announces Results of Annual General Meeting
The company, which is based out of Arizona, is one of the major CBD brands and over the course of the past week it has seen its stock clock gains of as much as 5%. As it happens, the company was actually in the news on Thursday after it announced the results from the Annual General Meeting that had been held earlier on this week on Wednesday.
It should be noted that the shareholders who had been part of the annual general meeting represented as much as 50.27% of the total shareholding in the company. It is interesting to note that the shareholders voted in favour of all the motions that had been put forward by Vext Science at the meeting. It is, without a doubt, a significant development for the company and one that could lead to further bullish tendencies about the stock among investors.
Traders Note
VEXTF stock is trading below the 20-Day and 50-Day Moving averages of $0.53 and $0.59. Moreover, the stock is trading is the oversold zone with RSI stands at 33. The stock is down 26% over the past month.
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