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Cannabis Stock Leader: Fusion Pharm Inc (CVEM:FSPM) Surges 100.0% in Early Trading on November 1

Fusion Pharm Inc (CVEM:FSPM) 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 100.0%. After closing the previous session at $0.005, shares of FSPM opened this morning at $0.01 and are currently trading at $0.01. So far, about 5,000 shares have changed hands, compared to an average 30-day volume of 6,185 for Fusion Pharm Inc. Shares moved as high at $0.01 and as low as $0.01 in today’s early action.

The share appreciation gives the company a market capitalization of $211,830 based upon 10.59 million shares outstanding.

In the past 52 weeks, shares of Fusion Pharm Inc have traded as low as $0.02 and as high as $0.4. Technical traders will take note that at $0.01, shares of FSPM are trading below their 50-day moving average (MA) at $0.034 and below their 200-day MA at below $0.113. 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 $FSPM?

Fusion Pharm Inc is engaged in commercializing its patent pending PharmPods line of hydroponic cultivation systems. Its PharmPods are used for agricultural cultivation by urban faming companies and other specialty growers. The company is led by its CEO from its headquarters in Commerce City, CO.

For more information on FSPM 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 9:30AM 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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