Rocky Mountain High Brands Inc (OTCQB:RMHB) 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 7.5%. After closing the previous session at $0.0627, shares of RMHB opened this morning at $0.065 and are currently trading at $0.0674. So far, about 351,345 shares have changed hands, compared to an average 30-day volume of 5.24 million for Rocky Mountain High Brands Inc. Shares moved as high at $0.0675 and as low as $0.0649 in today’s early action.
The share appreciation gives the company a market capitalization of $14.57 million based upon 232.43 million shares outstanding.
In the past 52 weeks, shares of Rocky Mountain High Brands Inc have traded as low as $0.02 and as high as $0.094. Technical traders will take note that at $0.0674, shares of RMHB are trading above their 50-day moving average (MA) at $0.036 and above their 200-day MA at above $0.039. 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 $RMHB?
Rocky Mountain High Brands Inc is developing and selling a lineup of five hemp-infused beverages through its distributor network and online. The Company is launching a hemp-infused Energy Bar, Protein Bar and Chia Crisp Bar. The company is led by its CEO from its headquarters in Dallas, TX.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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