Global Hemp Group Inc (OTO:GBHPF) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 25, gaining 10.0% to close the day at $0.0275 after opening the trading day at $0.032. Today’s rise came with about 182,437 shares changing hands, compared to an average of 30-day volume of 172,628 for Global Hemp Group Inc. Shares moved as high at $0.032 and as low as $0.026 in today’s action.
The share appreciation gives the company a market capitalization of $3.57 million based upon 142.6 million shares outstanding.
In the past 52 weeks, shares of Global Hemp Group Inc have traded as low as $0.0042 and as high as $0.0592. Technical traders will take note that at $0.0275, shares of GBHPF are trading above their 50-day moving average (MA) at $0.025 and above their 200-day MA at $0.016. 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 GBHPF?
Global Hemp Group Inc is engaged in acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries. The company is led by its CEO from its headquarters in North Vancouver, BC.
For more information on GBHPF 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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