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Home / Market Movers / Cannabis Stock Leader: Zynerba Pharmaceuticals Inc. (NSD:ZYNE) Surges 16.44% in Early Trading on June 27

Cannabis Stock Leader: Zynerba Pharmaceuticals Inc. (NSD:ZYNE) Surges 16.44% in Early Trading on June 27

Zynerba Pharmaceuticals Inc. (NSD:ZYNE) came out strong at the opening of trading on June 27, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 16.44%. After closing the previous session at $7.65, shares of ZYNE opened this morning at $8.24 and are currently trading at $8.908. So far, about 174,578 shares have changed hands, compared to an average 30-day volume of 203,581 for Zynerba Pharmaceuticals Inc.. Shares moved as high at $8.94 and as low as $8.1 in today’s early action.

The share appreciation gives the company a market capitalization of $70.38 million based upon 9.2 million shares outstanding.

In the past 52 weeks, shares of Zynerba Pharmaceuticals Inc. have traded as low as $4.64 and as high as $43.0. Technical traders will take note that at $8.908, shares of ZYNE are trading above their 50-day moving average (MA) at $8.123 and below their 200-day MA at below $10.617. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.

Who is $ZYNE?

Zynerba Pharmaceuticals Inc is a specialty pharmaceutical company focused on developing and commercializing proprietary next-generation synthetic cannabinoid therapeutics formulated for transdermal delivery. The company is led by its CEO from its headquarters in Devon, PA.


For more information on ZYNE and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit PotNetwork.com today.

All data provided by QuoteMedia and was accurate as of 9:30AM ET.

About PotNetwork.com

PotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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