The CBD and wellness space has grown at an impressive pace in recent times and those who might be looking for stocks in that sector this morning could do well to start tracking the Love Hemp Group PLC (OTCMKTS:WRHLF) stock. The stock had come into significant focus this past Friday and ended up with gains of as much as 8%. It is a consumer good company in the CBD health and wellness industry and is mainly led by its brands.
Trading Data
On Friday, WRHLF stock moved up 7.70% to $0.0140 with 52k shares, compared to its average volume of 712K shares. The stock has moved within a range of $0.0140 – 0.0150 after opening trade at $0.0150.
Love Hemp Group PLC Announces Notice of General Meeting
The company issued a noticed on Friday in which it announced that a General Meeting will be hosted on February 4, 2021 in London, United Kingdom at 10 in the morning.
It is going to be a crucial meeting at which resolutions are going to proposed for the adoption of the annual account ended June 30, 2021. On the other hand, the company is also going to work on getting the necessary approval for the cutting down of share premium account. Instead a share incentive plan could be implemented. It now remains to be seen if the Love Hemp Group stock manages to get traction among investors in the weeks leading up to the big day or not.
Technical Data
WRHLF stock is trading below the 20-Day and 50-Day Moving averages of $0.0146 and $0.0199 respectively. Moreover, the stock is trading below the 50-Day moving average of $0.0340.
