Cannabis Sativa Inc (OTCQB:CBDS) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 9.65% to close the day at $6.59 after opening the trading day at $6.275. Today’s rise came with about 374,461 shares changing hands, compared to an average of 30-day volume of 281,439 for Cannabis Sativa Inc. Shares moved as high at $7.14 and as low as $6.25 in today’s action.
The share appreciation gives the company a market capitalization of $110.39 million based upon 18.37 million shares outstanding.
In the past 52 weeks, shares of Cannabis Sativa Inc have traded as low as $0.3 and as high as $8.25. Technical traders will take note that at $6.59, shares of CBDS are trading above their 50-day moving average (MA) at $3.603 and above their 200-day MA at $2.091. 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 CBDS?
Cannabis Sativa Inc and its subsidiary are engaged in research, development and licensing of specialized natural cannabis products, including cannabis formulas, edibles, topicals, strains, recipes and delivery systems. The company is led by its CEO Mike Gravel from its headquarters in Mesquite, NV.
For more information on CBDS 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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