Americann Inc (OTCQX:ACAN) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 25, gaining 23.84% to close the day at $3.98 after opening the trading day at $3.27. Today’s rise came with about 253,150 shares changing hands, compared to an average of 30-day volume of 93,762 for Americann Inc. Shares moved as high at $4.24 and as low as $3.21 in today’s action.
The share appreciation gives the company a market capitalization of $53.45 million based upon 16.63 million shares outstanding.
In the past 52 weeks, shares of Americann Inc have traded as low as $0.31 and as high as $3.71. Technical traders will take note that at $3.98, shares of ACAN are trading above their 50-day moving average (MA) at $1.96 and above their 200-day MA at $1.229. 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 ACAN?
Americann Inc develops and supports medical cannabis cultivation and processing facilities. The Company brings professionalism and traditional horticultural and proven business practices in medical cannabis industry. The company is led by its CEO Timothy Keogh from its headquarters in Denver, CO.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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