PharmaCyte Biotech Inc (OTCQB:PMCB) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on December 14, gaining 10.98% to close the day at $0.14 after opening the trading day at $0.128. Today’s rise came with about 7.22 million shares changing hands, compared to an average of 30-day volume of 8.87 million for PharmaCyte Biotech Inc. Shares moved as high at $0.141 and as low as $0.128 in today’s action.
The share appreciation gives the company a market capitalization of $107.22 million based upon 849.9 million shares outstanding.
In the past 52 weeks, shares of PharmaCyte Biotech Inc have traded as low as $0.023 and as high as $0.1595. Technical traders will take note that at $0.14, shares of PMCB are trading above their 50-day moving average (MA) at $0.053 and above their 200-day MA at $0.055. 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 PMCB?
PharmaCyte Biotech Inc is clinical stage biotechnology company. It is engaged in developing and preparing commercialize treatments for cancer and diabetes based on proprietary cellulose-based live cell encapsulation technology known as Cell-in-a-Box. The company is led by its CEO Kenneth L. Waggoner from its headquarters in Silver Spring, MD.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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