Plandai Biotechnology Inc (OTO:PLPL) came out strong at the opening of trading on December 15, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 20.83%. After closing the previous session at $0.024, shares of PLPL opened this morning at $0.0265 and are currently trading at $0.029. So far, about 5,000 shares have changed hands, compared to an average 30-day volume of 595,851 for Plandai Biotechnology Inc. Shares moved as high at $0.029 and as low as $0.0265 in today’s early action.
The share appreciation gives the company a market capitalization of $4.48 million based upon 186.53 million shares outstanding.
In the past 52 weeks, shares of Plandai Biotechnology Inc have traded as low as $0.0101 and as high as $0.101. Technical traders will take note that at $0.029, shares of PLPL are trading below their 50-day moving average (MA) at $0.03 and below their 200-day MA at below $0.041. 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 $Plandai Biotech?
Plandai Biotechnology Inc, together with its subsidiaries, is engaged in production of proprietary botanical extracts for the nutriceutical and pharmaceutical industries. The company is led by its CEO Roger Duffield from its headquarters in London, .
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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