MJ Holdings Inc (OTCQB:MJNE) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on August 3, gaining 17.65% to close the day at $1.0 after opening the trading day at $0.86. Today’s rise came with about 2,150 shares changing hands, compared to an average of 30-day volume of 266 for MJ Holdings Inc. Shares moved as high at $1.0 and as low as $0.85 in today’s action.
The share appreciation gives the company a market capitalization of $11.92 million based upon 14.03 million shares outstanding.
In the past 52 weeks, shares of MJ Holdings Inc have traded as low as $0.5 and as high as $2.0. Technical traders will take note that at $1.0, shares of MJNE are trading above their 50-day moving average (MA) at $0.673 and above their 200-day MA at $0.796. 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 MJNE?
MJ Holdings Inc acquires and leases real estate to licensed marijuana operators, including but not limited to providing complete turnkey growing space and related facilities to licensed marijuana growers and dispensary owners. The company is led by its CEO Shawn Chemtov / Adam Laufer from its headquarters in Miami, FL.
For more information on MJNE 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 4:30PM ET.
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