Shares of Akanda Corp. (NASDAQ:AKAN – Free Report) are scheduled to reverse split before the market opens on Monday, January 12th. The 1-5 reverse split was announced on Thursday, January 8th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, January 9th.
Akanda Stock Performance
Shares of Akanda stock traded down $0.08 on Thursday, hitting $0.47. 2,211,815 shares of the company’s stock traded hands, compared to its average volume of 1,658,908. Akanda has a 52-week low of $0.42 and a 52-week high of $9.29. The firm’s 50-day moving average is $0.92 and its 200 day moving average is $2.64.
Analyst Ratings Changes
Several research analysts have weighed in on AKAN shares. Wall Street Zen raised shares of Akanda to a “sell” rating in a report on Saturday, October 18th. Weiss Ratings began coverage on shares of Akanda in a research note on Wednesday, October 15th. They issued a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
About Akanda
Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products to patients worldwide. It offers medicinal-grade cannabis and cannabis based medical and wellness products. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom.
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