CLS Holdings USA, Inc. (OTCMKTS:CLSH) shot up 4.1% during trading on Wednesday . The company traded as high as $0.22 and last traded at $0.21. 77,028 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 223,420 shares. The stock had previously closed at $0.20.
The company’s 50 day moving average is $0.21 and its 200 day moving average is $0.16.
In other news, major shareholder Todd V. Swanson sold 197,000 shares of the firm’s stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $0.21, for a total transaction of $41,370.00.
CLS Holdings USA, Inc, a diversified cannabis company, focuses on the extraction and conversion of cannabinoids in the United States. The company extracts various cannabinoids from the cannabis plants and converts into concentrates, such as oils, waxes, edibles, and shatters. Its concentrates are used for electronic cigarettes vaporization, and pharmaceutical and other purposes.
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