A pair of OTCBB stocks tumbled to their 52-week low on Tuesday, China Organic Agriculture, Inc. (CNOA) and Home System Group (HSYT)
China Organic Agriculture, Inc. (CNOA) dipped down to a 52-week low of 0.290 on Tuesday after opening the trading day at 0.31. Shares, which traded at more than 2x their average volume on Tuesday, managed to close at 0.292 for CNOA, which engages in the acquisition, trading, and wholesale distribution of agricultural products in the Peoples Republic of China, but they remain well behind the 50-day moving average of 0.4160 and 200-day moving average of 0.5269.
Home System Group (HSYT) opened the trading day at 1.38 but saw shares plummet 21.74% on the day to close at 1.08 but it could have been worse as the company, which engages in the production and distribution of various household appliances, actually hit a 52-week low of 0.95 during the day. Trading volume was extremely high for HSYT with more than 20x its average volume and shares are currently trading well below their 50-day moving average of 2.68 and 200-day moving average of 3.76.