Marijuana Company of America Inc (OTO:MCOA) 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 11.33%. After closing the previous session at $0.0512, shares of MCOA opened this morning at $0.053 and are currently trading at $0.057. So far, about 2.16 million shares have changed hands, compared to an average 30-day volume of 18.45 million for Marijuana Company of America Inc. Shares moved as high at $0.059 and as low as $0.052 in today’s early action.
The share appreciation gives the company a market capitalization of $45.76 million based upon 893.84 million shares outstanding.
In the past 52 weeks, shares of Marijuana Company of America Inc have traded as low as $0.0008 and as high as $0.0555. Technical traders will take note that at $0.057, shares of MCOA are trading above their 50-day moving average (MA) at $0.012 and above their 200-day MA at above $0.009. 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 $Marijuan Co?
Marijuana Company of America Inc is a marijuana marketing and distribution company. It distributes marijuana, CBD and related products nationally and internationally. The company is led by its CEO from its headquarters in Bonsall, CA.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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