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Home / Market Movers / Cannabis Stock Leader: Union Equity Inc. (OTO:KGKG) Gains 20.0% at Midday on December 30

Cannabis Stock Leader: Union Equity Inc. (OTO:KGKG) Gains 20.0% at Midday on December 30

Union Equity Inc. (OTO:KGKG) 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 20.0%. After closing the previous session at $0.002, shares of $KGKG opened this morning at $0.0021 and are trading at $0.0024 at the lunch break. So far, about 251,754 shares have changed hands, compared to an average of 30-day volume of 3.68 million for Union Equity Inc.. Shares moved as high at ${round high 4} and as low as $0.002 in AM trading action.

The share appreciation gives the company a market capitalization of $6,863 based upon 3.43 million shares outstanding.

In the past 52 weeks, shares of Union Equity Inc. have traded as low as $0.0017 and as high as $0.0335. Technical traders will take note that at $0.0024, shares of KGKG are trading below their 50-day moving average (MA) at $0.003 and below their 200-day MA at $0.006. 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 KGKG?

Kona Gold Solutions Inc is engaged in manufacturing apparel. It is also in the process of developing hemp infused product line. The company is led by its CEO from its headquarters in Charleston, SC.

For more information on KGKG and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

About 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 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:

About Jeremy Wilchek

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