GrowBLOX Sciences Inc (OTCQB:GBLX) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 20.83% to close the day at $0.58 after opening the trading day at $0.475. Today’s rise came with about 3.28 million shares changing hands, compared to an average of 30-day volume of 756,774 for GrowBLOX Sciences Inc. Shares moved as high at $0.62 and as low as $0.475 in today’s action.
The share appreciation gives the company a market capitalization of $30.96 million based upon 64.5 million shares outstanding.
In the past 52 weeks, shares of GrowBLOX Sciences Inc have traded as low as $0.11 and as high as $0.48. Technical traders will take note that at $0.58, shares of GBLX are trading above their 50-day moving average (MA) at $0.325 and above their 200-day MA at $0.267. 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 GBLX?
GrowBlox Sciences Inc develops technologies and processes to convert the cannabis plant into medicines, therapies and treatments for ailments. The company is led by its CEO Steven W. Weldon from its headquarters in Las vegas, NV.
For more information on GBLX 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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