Akanda Corp. (NASDAQ:AKAN – Get Rating)’s stock price was down 5.5% during mid-day trading on Tuesday . The company traded as low as $0.95 and last traded at $1.03. Approximately 687,673 shares were traded during trading, a decline of 23% from the average daily volume of 891,070 shares. The stock had previously closed at $1.09.
The stock’s fifty day moving average price is $4.16.
A hedge fund recently bought a new stake in Akanda stock. Jane Street Group LLC bought a new position in shares of Akanda Corp. (NASDAQ:AKAN – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,129 shares of the company’s stock, valued at approximately $88,000.
Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products in the United Kingdom, Lesotho, and internationally. It intends to supply cannabis based medical and wellness products. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom.
Recommended Stories
- Get a free copy of the StockNews.com research report on Akanda (AKAN)
- Buy the Dip in These 3 Mid-Caps
- Lululemon Stock Bestows a Buying Opportunity
- Should Silver Stocks Be A Part Of Your Portfolio?
- ABM Industries, A Clean Play For Dirty Economic Times
- This Still Isn’t A Buyable Bottom For Stocks
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for Akanda Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akanda and related companies with MarketBeat.com's FREE daily email newsletter.
