Marimed (OTCMKTS:MRMD) Trading Down 11.3%

Marimed Inc (OTCMKTS:MRMD)’s stock price was down 11.3% during trading on Wednesday . The stock traded as low as $0.44 and last traded at $0.46, approximately 933,176 shares were traded during trading. An increase of 27% from the average daily volume of 733,161 shares. The stock had previously closed at $0.51.

The stock’s 50 day simple moving average is $0.57 and its 200 day simple moving average is $0.97.

Marimed (OTCMKTS:MRMD) last issued its earnings results on Friday, November 29th. The company reported ($0.03) EPS for the quarter. The business had revenue of $11.22 million for the quarter.

About Marimed (OTCMKTS:MRMD)

MariMed Inc provides consulting services for the design, development, operation, funding, and optimization of medical cannabis cultivation, production, and dispensary facilities. The company also develops and manages facilities for the cultivation, production, and dispensing of legal cannabis and cannabis-infused products under the Kalm Fusion brand name.

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