Cannabis Science Inc (OTO:CBIS) 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 7.96%. After closing the previous session at $0.0565, shares of CBIS opened this morning at $0.0585 and are currently trading at $0.061. So far, about 8.57 million shares have changed hands, compared to an average 30-day volume of 52.61 million for Cannabis Science Inc. Shares moved as high at $0.061 and as low as $0.058 in today’s early action.
The share appreciation gives the company a market capitalization of $109.49 million based upon 1.94 billion shares outstanding.
In the past 52 weeks, shares of Cannabis Science Inc have traded as low as $0.0101 and as high as $0.077. Technical traders will take note that at $0.061, shares of CBIS are trading above their 50-day moving average (MA) at $0.024 and above their 200-day MA at above $0.017. 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 $CBIS?
Cannabis Science Inc is engaged in the creation of cannabis-based medicines, both with and without psychoactive properties, to treat disease and the symptoms of disease, as well as for general health maintenance. The company is led by its CEO Robert Melamede from its headquarters in Colorado Springs, CO.
For more information on CBIS 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 9:30AM ET.
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/.