MyDx Inc (OTCQB:MYDX) 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 6.22%. After closing the previous session at $0.037, shares of MYDX opened this morning at $0.037 and are currently trading at $0.0393. So far, about 136,976 shares have changed hands, compared to an average 30-day volume of 15.92 million for MyDx Inc. Shares moved as high at $0.0395 and as low as $0.037 in today’s early action.
The share appreciation gives the company a market capitalization of $887,285 based upon 23.98 million shares outstanding.
In the past 52 weeks, shares of MyDx Inc have traded as low as $0.0081 and as high as $1.8. Technical traders will take note that at $0.0393, shares of MYDX are trading above their 50-day moving average (MA) at $0.03 and below their 200-day MA at below $0.255. 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 $MYDX?
MyDx Inc is a science and technology company. It develops nanotechnology to measure chemicals of interest in any solid, liquid, or gas sample. Its product MyDx provides real-time testing of pesticides, chemicals and toxins in food, water and air. The company is led by its CEO Daniel Yazbeck from its headquarters in San Diego, CA.
For more information on MYDX 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.
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