Monarch America (OTCMKTS:BTFL) Shares Down 9.2% – Here’s Why

Shares of Monarch America, Inc. (OTCMKTS:BTFLGet Free Report) traded down 9.2% during trading on Friday . The company traded as low as $17.34 and last traded at $18.06. 2,334 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 8,240 shares. The stock had previously closed at $19.88.

Monarch America Trading Down 9.2%

The stock has a 50 day moving average of $15.47.

Monarch America Company Profile

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Monarch America, Inc, through its The Big Tomato, Inc subsidiary, sells and distributes hydroponic lights and equipment to the indoor gardeners and commercial growers in Denver, Colorado and the surrounding communities. It offers grow lights and boxes, hydroponic systems, ballasts, bulbs, nutrients and additives, and other hydroponic and gardening items. The company also provides turnkey solutions, as well as management and consulting services to the legal and regulated marijuana industry. It serves customers through its online store; and a retail storefront and warehouse/commercial distribution center in Aurora, Colorado.

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