American Green Inc (OTO:ERBB) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 13.89% to close the day at $0.0041 after opening the trading day at $0.0037. Today’s rise came with about 234.83 million shares changing hands, compared to an average of 30-day volume of 254.72 million for American Green Inc. Shares moved as high at $0.0043 and as low as $0.0037 in today’s action.
The share appreciation gives the company a market capitalization of $14.02 million based upon 3.9 billion shares outstanding.
In the past 52 weeks, shares of American Green Inc have traded as low as $0.000489 and as high as $0.00985. Technical traders will take note that at $0.0041, shares of ERBB are trading above their 50-day moving average (MA) at $0.001 and above their 200-day MA at $0.001. 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 ERBB?
American Green Inc owns and operates medical marijuana dispensaries. The Company operates in Colorado and California. It also develops RFID (Radio Frequency Identification) devices. The company is led by its CEO from its headquarters in Scottsdale, AZ.
For more information on ERBB 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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