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Home / Market Movers / Cannabis Stock Leader: Northsight Capital Inc (OTO:NCAP) Gains 16.29% at Midday on December 15

Cannabis Stock Leader: Northsight Capital Inc (OTO:NCAP) Gains 16.29% at Midday on December 15

Northsight Capital Inc (OTO:NCAP) has a strong morning trading session on December 15, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 16.29%. After closing the previous session at $0.2235, shares of $NCAP opened this morning at $0.2235 and are trading at $0.2599 at the lunch break. So far, about 11,500 shares have changed hands, compared to an average of 30-day volume of 94,280 for Northsight Capital Inc. Shares moved as high at ${round high 4} and as low as $0.2235 in AM trading action.

The share appreciation gives the company a market capitalization of $25.2 million based upon 112.76 million shares outstanding.

In the past 52 weeks, shares of Northsight Capital Inc have traded as low as $0.036 and as high as $0.35. Technical traders will take note that at $0.2599, shares of NCAP are trading above their 50-day moving average (MA) at $0.155 and above their 200-day MA at $0.118. 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 NCAP?

Northsight Capital Inc provides variety of online directories for a broad range of businesses engaged in the lawful sale and distribution of cannabis and hemp related products. The company is led by its CEO John H. Bluher from its headquarters in Scottsdale, AZ.

For more information on NCAP 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 12:00PM ET.

About PotNetwork.com

PotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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