Global Hemp Group (CNSX:GHG) Shares Down 16.7%

Global Hemp Group (CNSX:GHG)’s share price fell 16.7% during trading on Wednesday . The company traded as low as $0.05 and last traded at $0.05, 11,500 shares traded hands during trading. A decline of 95% from the average session volume of 233,615 shares. The stock had previously closed at $0.06.

The stock has a 50-day simple moving average of $0.06.

About Global Hemp Group (CNSX:GHG)

Global Hemp Group Inc (GHG), headquartered in Vancouver, British Columbia, Canada, with base operations in Montreal and Los Angeles, was founded in 2014. The Company is focused on a multi-phased strategy to build a strong presence in the industrial hemp industry in both Canada and the United States. The first phase of this strategy is to develop hemp cultivation with the objective of extracting cannabinoids (CBD, CBG, CBN & CBC) and creating a near term revenue stream that will allow the Company to expand and develop successive phases of the strategy.

Further Reading: What is the return on assets (ROA) ratio?

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