Mountain High Acqstn Crp (OTCQB:MYHI) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 24.68% to close the day at $0.064 after opening the trading day at $0.055. Today’s rise came with about 746,127 shares changing hands, compared to an average of 30-day volume of 688,194 for Mountain High Acqstn Crp. Shares moved as high at $0.07 and as low as $0.049 in today’s action.
The share appreciation gives the company a market capitalization of $2.3 million based upon 44.75 million shares outstanding.
In the past 52 weeks, shares of Mountain High Acqstn Crp have traded as low as $0.01 and as high as $0.098. Technical traders will take note that at $0.064, shares of MYHI are trading above their 50-day moving average (MA) at $0.025 and above their 200-day MA at $0.033. 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 Mountain High?
Mountain High Acquisitions Corp is a holding company focused on the commercial hemp and CBD products industries. Its first acquisition in this sector is GreenLife BotaniX, Inc. The company is led by its CEO Alan Smith from its headquarters in Scottsdale, AZ.
For more information on Mountain High 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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