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Home / Market Movers / Cannabis Stock Leader: Plandai Biotechnology Inc (OTO:PLPL) Surges 20.83% in Early Trading on December 15

Cannabis Stock Leader: Plandai Biotechnology Inc (OTO:PLPL) Surges 20.83% in Early Trading on December 15

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, .

For more information on Plandai Biotech 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.

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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