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Cannabis Stock Leader: Marijuana Company of America Inc (OTO:MCOA) Gains 21.95% at Midday on October 31

Marijuana Company of America Inc (OTO:MCOA) 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 21.95%. After closing the previous session at $0.0369, shares of $MCOA opened this morning at $0.0415 and are trading at $0.045 at the lunch break. So far, about 9.53 million shares have changed hands, compared to an average of 30-day volume of 17.61 million for Marijuana Company of America Inc. Shares moved as high at ${round high 4} and as low as $0.04 in AM trading action.

The share appreciation gives the company a market capitalization of $32.98 million based upon 893.84 million shares outstanding.

In the past 52 weeks, shares of Marijuana Company of America Inc have traded as low as $0.0008 and as high as $0.043. Technical traders will take note that at $0.045, shares of MCOA are trading above their 50-day moving average (MA) at $0.011 and above their 200-day MA at $0.009. 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 Marijuan Co?

Marijuana Company of America Inc is a marijuana marketing and distribution company. It distributes marijuana, CBD and related products nationally and internationally. The company is led by its CEO from its headquarters in Bonsall, CA.

For more information on Marijuan Co 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

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