TREES (OTCMKTS:CANN) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Shares of TREES Corporation (OTCMKTS:CANNGet Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.02 and traded as high as $0.0219. TREES shares last traded at $0.0219, with a volume of 89,507 shares.

TREES Stock Up 28.8%

The company has a market capitalization of $2.52 million, a P/E ratio of -1.10 and a beta of -0.54. The stock has a fifty day simple moving average of $0.02 and a 200-day simple moving average of $0.03.

TREES (OTCMKTS:CANNGet Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported $999.00 earnings per share (EPS) for the quarter.

About TREES

(Get Free Report)

Trees Corporation provides products and services to the regulated cannabis industry in the United States. The company operates through Retail and Cultivation segments. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility; and retail dispensary store in Englewood, Colorado, as well as retail stores in Portland, Oregon. The company was formerly known as General Cannabis Corp. and changed its name to Trees Corporation in June 2022. Trees Corporation was incorporated in 2013 and is headquartered in Lakewood, Colorado.

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