Unrivaled Brands (OTCMKTS:TRTC) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

Unrivaled Brands, Inc. (OTCMKTS:TRTC)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $0.20 and traded as high as $0.22. Unrivaled Brands shares last traded at $0.20, with a volume of 6,537 shares traded.

Unrivaled Brands Stock Down 2.9%

The stock has a market capitalization of $38.59 million, a price-to-earnings ratio of -0.75 and a beta of 2.30. The company has a current ratio of 1.41, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The firm’s 50 day simple moving average is $0.20 and its 200-day simple moving average is $0.22.

Unrivaled Brands Company Profile

Unrivaled Brands, Inc, formerly known as Terra Tech Corp., was a cannabis company focused on cultivation, manufacturing, distribution and retail operations. The company marketed cannabis and cannabis-related products through its Blüm retail brand and other proprietary product lines.

Its business historically included dispensaries, cannabis delivery services and the production of flower, concentrates and other cannabis products. Unrivaled Brands operated primarily in California and Nevada, serving both medical and adult-use cannabis markets where permitted by state law.

The company expanded through acquisitions and the development of vertically integrated cannabis operations, including cultivation and manufacturing capabilities.