Hemp Inc (OTO:HEMP) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on December 30, gaining 7.48% to close the day at $0.0345 after opening the trading day at $0.0328. Today’s rise came with about 29.87 million shares changing hands, compared to an average of 30-day volume of 14.07 million for Hemp Inc. Shares moved as high at $0.0345 and as low as $0.0325 in today’s action.
The share appreciation gives the company a market capitalization of $6.88 million based upon 214.4 million shares outstanding.
In the past 52 weeks, shares of Hemp Inc have traded as low as $0.001 and as high as $0.067. Technical traders will take note that at $0.0345, shares of HEMP are trading above their 50-day moving average (MA) at $0.033 and below their 200-day MA at $0.036. 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 HEMP?
Hemp Inc is engaged in offering industrial hemp and the myriad of clean, green sustainable products that industrial hemp offers to the world. The company is led by its CEO from its headquarters in Las Vegas, NV.
For more information on HEMP 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 4:30PM ET.
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