MCIG Inc (OTCQB:MCIG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on December 30, gaining 6.48% to close the day at $0.1905 after opening the trading day at $0.1779. Today’s rise came with about 6.24 million shares changing hands, compared to an average of 30-day volume of 5.38 million for MCIG Inc. Shares moved as high at $0.1939 and as low as $0.175 in today’s action.
The share appreciation gives the company a market capitalization of $60.94 million based upon 340.61 million shares outstanding.
In the past 52 weeks, shares of MCIG Inc have traded as low as $0.0255 and as high as $0.218. Technical traders will take note that at $0.1905, shares of MCIG are trading above their 50-day moving average (MA) at $0.138 and above their 200-day MA at $0.062. 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 MCIG Inc?
mCig Inc is a technology company. It is engaged in manufacturing and retailing of loose-leaf Ecig. The company is led by its CEO Paul B. Rosenberg from its headquarters in Henderson, NV.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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