Sipp Industries Inc New (OTO:SIPC) 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 5.88%. After closing the previous session at $0.0085, shares of SIPC opened this morning at $0.0088 and are currently trading at $0.009. So far, about 5,100 shares have changed hands, compared to an average 30-day volume of 2.8 million for Sipp Industries Inc New. Shares moved as high at $0.009 and as low as $0.0088 in today’s early action.
The share appreciation gives the company a market capitalization of $4.32 million based upon 508.36 million shares outstanding.
In the past 52 weeks, shares of Sipp Industries Inc New have traded as low as $0.0011 and as high as $0.017. Technical traders will take note that at $0.009, shares of SIPC are trading above their 50-day moving average (MA) at $0.006 and above their 200-day MA at above $0.007. 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 $Sipp Industries?
Sipp Industries Inc is engaged in marketing and selling Plasma Lighting solutions for indoor horticulture applications as well as hemp ingredients, CBD supply, co-packing and private labeling services for hemp related products. The company is led by its CEO from its headquarters in Costa Mesa, CA.
For more information on Sipp Industries 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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