Cannabics Pharmaceuticals Inc (OTO:CNBX) came out strong at the opening of trading on November 1, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 12.9%. After closing the previous session at $0.62, shares of CNBX opened this morning at $0.6955 and are currently trading at $0.7. So far, about 156,804 shares have changed hands, compared to an average 30-day volume of 417,569 for Cannabics Pharmaceuticals Inc. Shares moved as high at $0.7 and as low as $0.655 in today’s early action.
The share appreciation gives the company a market capitalization of $66.36 million based upon 107.03 million shares outstanding.
In the past 52 weeks, shares of Cannabics Pharmaceuticals Inc have traded as low as $0.021 and as high as $0.7408. Technical traders will take note that at $0.7, shares of CNBX are trading above their 50-day moving average (MA) at $0.098 and above their 200-day MA at above $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 $CNBX?
Cannabics Pharmaceuticals Inc is a bio-tech company. The Company is engaged in pharmaceutical research, development and marketing of biotechnology therapies. The company is led by its CEO Thomas E. Mills from its headquarters in Bethesda, MD.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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