Monday , May 27 2019
Breaking News
Home / Market Movers / Cannabis Stock Leader: Marapharm Ventures Inc (OTCQB:MRPHF) Gains 5.51% at Midday on October 31

Cannabis Stock Leader: Marapharm Ventures Inc (OTCQB:MRPHF) Gains 5.51% at Midday on October 31

Marapharm Ventures Inc (OTCQB:MRPHF) has a strong morning trading session on October 31, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 5.51%. After closing the previous session at $0.617, shares of $MRPHF opened this morning at $0.6587 and are trading at $0.651 at the lunch break. So far, about 9,999 shares have changed hands, compared to an average of 30-day volume of 18,152 for Marapharm Ventures Inc. Shares moved as high at ${round high 4} and as low as $0.651 in AM trading action.

The share appreciation gives the company a market capitalization of $36.13 million based upon 58.56 million shares outstanding.

In the past 52 weeks, shares of Marapharm Ventures Inc have traded as low as $0.1252 and as high as $0.6998. Technical traders will take note that at $0.651, shares of MRPHF are trading above their 50-day moving average (MA) at $0.475 and above their 200-day MA at $0.26. 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 MRPHF?

Marapharm Ventures Inc is a developmental stage medical marijuana company. The Company invests, acquires and does start-up ventures in the medical and recreational Marijuana space in North America and selected countries throughout the world. The company is led by its CEO from its headquarters in Kelowna, BC.

For more information on MRPHF and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

About is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

About Jeremy Wilchek

Check Also

Cannabis Stock Leader: Zoned Properties Inc (OTCQX:ZDPY) Advances 23.08% for July 28

Zoned Properties Inc (OTCQX:ZDPY) outpaced most other peers in the directory of the approximately 200 …