MCIG Inc (OTCQB:MCIG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 5.91% to close the day at $0.1218 after opening the trading day at $0.123. Today’s rise came with about 5.87 million shares changing hands, compared to an average of 30-day volume of 4.34 million for MCIG Inc. Shares moved as high at $0.13 and as low as $0.118 in today’s action.
The share appreciation gives the company a market capitalization of $38.14 million based upon 331.66 million shares outstanding.
In the past 52 weeks, shares of MCIG Inc have traded as low as $0.0181 and as high as $0.1385. Technical traders will take note that at $0.1218, shares of MCIG are trading above their 50-day moving average (MA) at $0.05 and above their 200-day MA at $0.04. 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 MCIG Inc?
mCig Inc is a technology company. It is engaged in manufacturing and retailing of loose-leaf Ecig. The company is led by its CEO Paul B. Rosenberg from its headquarters in Henderson, NV.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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