Monarch America (OTCMKTS:BTFL) Stock Price Down 3.5% – Here’s Why

Monarch America, Inc. (OTCMKTS:BTFLGet Free Report)’s share price was down 3.5% on Thursday . The company traded as low as $11.50 and last traded at $12.48. Approximately 10,873 shares were traded during trading, a decline of 42% from the average daily volume of 18,820 shares. The stock had previously closed at $12.93.

Monarch America Price Performance

The firm’s 50 day moving average is $17.99.

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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