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Home / Market Movers / Cannabis Stock Leader: Cannagrow Holdings Inc (OTO:CGRW) Gains 16.2% at Midday on December 30

Cannabis Stock Leader: Cannagrow Holdings Inc (OTO:CGRW) Gains 16.2% at Midday on December 30

Cannagrow Holdings Inc (OTO:CGRW) has a strong morning trading session on December 30, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 16.2%. After closing the previous session at $1.549, shares of $CGRW opened this morning at $1.625 and are trading at $1.8 at the lunch break. So far, about 242,826 shares have changed hands, compared to an average of 30-day volume of 177,479 for Cannagrow Holdings Inc. Shares moved as high at ${round high 4} and as low as $1.56 in AM trading action.

The share appreciation gives the company a market capitalization of $167.81 million based upon 108.33 million shares outstanding.

In the past 52 weeks, shares of Cannagrow Holdings Inc have traded as low as $0.39 and as high as $3.45. Technical traders will take note that at $1.8, shares of CGRW are trading above their 50-day moving average (MA) at $1.727 and above their 200-day MA at $0.975. 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 Cannagrow?

CannaGrow Holdings Inc is a lessor, liaison, and consultant to licensed growers providing growing facilities for medical and recreational cannabis industry in the State of Colorado. The company is led by its CEO from its headquarters in Las Vegas, NV.

For more information on Cannagrow 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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