Next Generation Management Corp (OTO:NGMC) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 22.35% to close the day at $0.00208 after opening the trading day at $0.0018. Today’s rise came with about 1.4 million shares changing hands, compared to an average of 30-day volume of 559,127 for Next Generation Management Corp. Shares moved as high at $0.0028 and as low as $0.0018 in today’s action.
The share appreciation gives the company a market capitalization of $451,950 based upon 265.85 million shares outstanding.
In the past 52 weeks, shares of Next Generation Management Corp have traded as low as $0.0005 and as high as $0.0058. Technical traders will take note that at $0.0021, shares of NGMC are trading above their 50-day moving average (MA) at $0.001 and above their 200-day MA at $0.001. 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 NGMC?
Next Generation Management Corp, formerly Next Generation Energy Corp is an oil and natural gas company. The Company is involved in the exploration, development, and production of natural gas properties located onshore in the United States. The company is led by its CEO Darryl Reed from its headquarters in Annandale, VA.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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