Canadian Cannabis Corp (OTO:CCAN) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 13.6% to close the day at $0.79 after opening the trading day at $0.7345. Today’s rise came with about 126,149 shares changing hands, compared to an average of 30-day volume of 44,365 for Canadian Cannabis Corp. Shares moved as high at $0.8542 and as low as $0.68 in today’s action.
The share appreciation gives the company a market capitalization of $21.87 million based upon 31.46 million shares outstanding.
In the past 52 weeks, shares of Canadian Cannabis Corp have traded as low as $0.515 and as high as $2.99. Technical traders will take note that at $0.79, shares of CCAN are trading above their 50-day moving average (MA) at $0.706 and below their 200-day MA at $0.881. 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 CCAN?
Canadian Cannabis Corp is engaged in cultivating Cannabis for Medical Marihuana purposes and distribute directly to patients throughout Canada and export to international markets. The company is led by its CEO Benjamin Ward from its headquarters in Brampton, ON.
For more information on CCAN 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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