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Cannabis Stock Leader: Resource Ventures Inc (OTO:REVI) Advances 11.11% for October 31

Resource Ventures Inc (OTO:REVI) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on October 31, gaining 11.11% to close the day at $0.05 after opening the trading day at $0.0868. Today’s rise came with about 207 shares changing hands, compared to an average of 30-day volume of 543 for Resource Ventures Inc. Shares moved as high at $0.0868 and as low as $0.05 in today’s action.

The share appreciation gives the company a market capitalization of $47,054 based upon 1.05 million shares outstanding.

In the past 52 weeks, shares of Resource Ventures Inc have traded as low as $0.001 and as high as $0.51. Technical traders will take note that at $0.05, shares of REVI are trading below their 50-day moving average (MA) at $0.061 and below their 200-day MA at $0.071. 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 Resource Ven?

Resource Ventures Inc, through its wholly owned subsidiary acts as a broker to produce a various printed products. The company is led by its CEO from its headquarters in Silverado, CA.


For more information on Resource Ven 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.

About PotNetwork.com

PotNetwork.com 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 PotNetwork.com. 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: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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