Nemus Bioscience Inc. (OTCQB:NMUS) 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 7.03%. After closing the previous session at $0.64, shares of NMUS opened this morning at $0.64 and are currently trading at $0.685. So far, about 26,256 shares have changed hands, compared to an average 30-day volume of 111,393 for Nemus Bioscience Inc.. Shares moved as high at $0.685 and as low as $0.64 in today’s early action.
The share appreciation gives the company a market capitalization of $12.74 million based upon 19.91 million shares outstanding.
In the past 52 weeks, shares of Nemus Bioscience Inc. have traded as low as $0.37 and as high as $1.8. Technical traders will take note that at $0.685, shares of NMUS are trading above their 50-day moving average (MA) at $0.555 and above their 200-day MA at above $0.585. 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 $Nemus Bio?
Nemus Bioscience Inc is a biopharmaceutical company. The Company is engaged in the discovery, development, and the commercialization of cannabis-based therapeutics. The company is led by its CEO Brian S. Murphy from its headquarters in Costa Mesa, CA.
For more information on Nemus Bio 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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