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Home / Market Movers / Cannabis Stock Leader: Novus Acquisition and Development, Corp. (OTO:NDEV) Gains 23.08% at Midday on October 31

Cannabis Stock Leader: Novus Acquisition and Development, Corp. (OTO:NDEV) Gains 23.08% at Midday on October 31

Novus Acquisition and Development, Corp. (OTO:NDEV) 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 23.08%. After closing the previous session at $0.286, shares of $NDEV opened this morning at $0.295 and are trading at $0.352 at the lunch break. So far, about 1.66 million shares have changed hands, compared to an average of 30-day volume of 888,955 for Novus Acquisition and Development, Corp.. Shares moved as high at ${round high 4} and as low as $0.2893 in AM trading action.

The share appreciation gives the company a market capitalization of $48.91 million based upon 171.01 million shares outstanding.

In the past 52 weeks, shares of Novus Acquisition and Development, Corp. have traded as low as $0.006 and as high as $0.55. Technical traders will take note that at $0.352, shares of NDEV are trading above their 50-day moving average (MA) at $0.109 and above their 200-day MA at $0.044. 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 Novus Acqstn?

Novus Acquisition & Development Corp is serving as a private equity firm for the purpose of self funding and/or acquiring one or more operating businesses. The company is led by its CEO from its headquarters in Miami, FL.

For more information on Novus Acqstn 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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