Cronos Group (CVE:MJN) Shares Down 1.9% – Here’s Why

Cronos Group Inc (CVE:MJN) dropped 1.9% during mid-day trading on Wednesday . The stock traded as low as C$11.90 and last traded at C$12.15. Approximately 1,388,975 shares were traded during trading, a decline of 33% from the average daily volume of 2,065,952 shares. The stock had previously closed at C$12.38.

Cronos Group Price Performance

The company has a 50 day moving average price of C$12.15 and a 200 day moving average price of C$12.15.

About Cronos Group

Cronos Group Inc, formerly PharmaCan Capital Corp, is a Canada-based cannabis company. The Company operates two Licensed Producers (LPs) regulated within Health Canada’s Access to Cannabis for Medical Purposes Regulations (the ACMPR) and holds a portfolio of investments in other Licensed Producers and ACMPR applicants.