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Akanda Corp. (AKAN): Odds are Looking Good after Recent Activity

At the end of the latest market close, Akanda Corp. (AKAN) was valued at $0.16. In that particular session, Stock kicked-off at the price of $0.179 while reaching the peak value of $0.179 and lowest value recorded on the day was $0.163. The stock current value is $0.24.Recently in News on December 21, 2022, Akanda Corp.’s Chief Executive Officer On Paid Leave of Absence. International medical cannabis platform company Akanda Corp. (“Akanda” or the “Company”) (NASDAQ: AKAN) today announced that Chief Executive Officer Tej Virk has been on a paid leave of absence both administrative and personal since November 30, 2022, pending an independent investigation being conducted by Canmart Directors and counsel. During his leave, Mr. Virk is not expected to perform any responsibilities as the Chief Executive Officer of the Company or any responsibilities as an officer of any of the Company’s subsidiaries. You can read further details here

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Akanda Corp. shares are logging -99.22% during the 52-week period from high price, and 95.97% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.12 and $31.00.

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The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 20175244 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Akanda Corp. (AKAN) recorded performance in the market was 9.40%, having the revenues showcasing -35.45% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.55M.

Akanda Corp. (AKAN) in the eye of market guru’s

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.3240, with a change in the price was noted -0.49. In a similar fashion, Akanda Corp. posted a movement of -65.32% for the period of last 100 days, recording 750,547 in trading volumes.

Akanda Corp. (AKAN): Stocks Technical analysis and Trends

Raw Stochastic average of Akanda Corp. in the period of last 50 days is set at 67.62%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 83.06%. In the last 20 days, the company’s Stochastic %K was 61.02% and its Stochastic %D was recorded 63.75%.

If we look into the earlier routines of Akanda Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 9.40%. The shares increased approximately by -14.17% in the 7-day charts and went down by -5.43% in the period of the last 30 days. Common stock shares were lifted by -35.45% during last recorded quarter.

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