Med-Cannabis Pharma Inc (OTO:MCPI) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 5.45% to close the day at $0.058 after opening the trading day at $0.06. Today’s rise came with about 2,480 shares changing hands, compared to an average of 30-day volume of 6,047 for Med-Cannabis Pharma Inc. Shares moved as high at $0.06 and as low as $0.058 in today’s action.
The share appreciation gives the company a market capitalization of $2.76 million based upon 50.22 million shares outstanding.
In the past 52 weeks, shares of Med-Cannabis Pharma Inc have traded as low as $0.02 and as high as $0.2202. Technical traders will take note that at $0.058, shares of MCPI are trading below their 50-day moving average (MA) at $0.059 and below their 200-day MA at $0.072. 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 MCPI?
Med-Cannabis Pharma Inc is a development stage company. The company is led by its CEO R. Wayne Duke from its headquarters in Newport, OR.
For more information on MCPI 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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