Canna-Global Acquisition (NASDAQ:CNGL) Trading Down 20% – Here’s What Happened

Canna-Global Acquisition Corp (NASDAQ:CNGLGet Free Report) traded down 20% during trading on Friday . The company traded as low as $8.00 and last traded at $8.10. 38,810 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 74,967 shares. The stock had previously closed at $10.12.

Canna-Global Acquisition Stock Performance

The stock’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $10.72.

Canna-Global Acquisition Company Profile

(Get Free Report)

Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.

Further Reading

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