Generex Biotechnology (OTO:GNBT) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 25, gaining 50.0% to close the day at $0.015 after opening the trading day at $0.0103. Today’s rise came with about 22.4 million shares changing hands, compared to an average of 30-day volume of 2.39 million for Generex Biotechnology. Shares moved as high at $0.015 and as low as $0.009 in today’s action.
The share appreciation gives the company a market capitalization of $9.03 million based upon 903.33 million shares outstanding.
In the past 52 weeks, shares of Generex Biotechnology have traded as low as $0.002 and as high as $0.0142. Technical traders will take note that at $0.015, shares of GNBT are trading above their 50-day moving average (MA) at $0.005 and above 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 GNBT?
Generex Biotechnology Corp is engaged in the research and development of drug delivery systems and technologies. The company is led by its CEO Mervyn Guy Fletcher from its headquarters in Toronto, ON.
For more information on GNBT 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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