Fusion Pharm Inc (CVEM:FSPM) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 11.11% to close the day at $0.005 after opening the trading day at $0.005. Today’s rise came with about 2,533 shares changing hands, compared to an average of 30-day volume of 6,185 for Fusion Pharm Inc. Shares moved as high at $0.005 and as low as $0.005 in today’s action.
The share appreciation gives the company a market capitalization of $211,830 based upon 10.59 million shares outstanding.
In the past 52 weeks, shares of Fusion Pharm Inc have traded as low as $0.02 and as high as $0.4. Technical traders will take note that at $0.005, shares of FSPM are trading below their 50-day moving average (MA) at $0.034 and below their 200-day MA at $0.113. 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 FSPM?
Fusion Pharm Inc is engaged in commercializing its patent pending PharmPods line of hydroponic cultivation systems. Its PharmPods are used for agricultural cultivation by urban faming companies and other specialty growers. The company is led by its CEO from its headquarters in Commerce City, CO.
For more information on FSPM 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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