Cannabics Pharmaceuticals Inc (OTO:CNBX) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 74.65% to close the day at $0.62 after opening the trading day at $0.4165. Today’s rise came with about 2.57 million shares changing hands, compared to an average of 30-day volume of 334,754 for Cannabics Pharmaceuticals Inc. Shares moved as high at $0.7408 and as low as $0.38 in today’s action.
The share appreciation gives the company a market capitalization of $37.99 million based upon 107.03 million shares outstanding.
In the past 52 weeks, shares of Cannabics Pharmaceuticals Inc have traded as low as $0.021 and as high as $0.4105. Technical traders will take note that at $0.62, shares of CNBX are trading above their 50-day moving average (MA) at $0.087 and above their 200-day MA at $0.068. 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 CNBX?
Cannabics Pharmaceuticals Inc is a bio-tech company. The Company is engaged in pharmaceutical research, development and marketing of biotechnology therapies. The company is led by its CEO Thomas E. Mills from its headquarters in Bethesda, MD.
For more information on CNBX 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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