Two Rivers Water & Farming Company (OTCQB:TURV) 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 5.26%. After closing the previous session at $0.57, shares of TURV opened this morning at $0.57 and are currently trading at $0.6. So far, about 13,238 shares have changed hands, compared to an average 30-day volume of 137,597 for Two Rivers Water & Farming Company. Shares moved as high at $0.6 and as low as $0.55 in today’s early action.
The share appreciation gives the company a market capitalization of $16.5 million based upon 28.95 million shares outstanding.
In the past 52 weeks, shares of Two Rivers Water & Farming Company have traded as low as $0.12 and as high as $0.8. Technical traders will take note that at $0.6, shares of TURV are trading above their 50-day moving average (MA) at $0.444 and above their 200-day MA at above $0.423. 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 $Two Rivers?
Two Rivers Water & Farming Co converts irrigated farmland from traditional use to grow marginally profitable feed crops to use for growing fruit and vegetable crops. The Company has two operating segments: Farms and Water. The company is led by its CEO John R. Mckowen from its headquarters in Denver, CO.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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