Medical Marijuana Inc (OTO:MJNA) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 25, gaining 7.35% to close the day at $0.1621 after opening the trading day at $0.1547. Today’s rise came with about 16.48 million shares changing hands, compared to an average of 30-day volume of 31.22 million for Medical Marijuana Inc. Shares moved as high at $0.166 and as low as $0.1505 in today’s action.
The share appreciation gives the company a market capitalization of $269.55 million based upon 1.79 billion shares outstanding.
In the past 52 weeks, shares of Medical Marijuana Inc have traded as low as $0.029 and as high as $0.268. Technical traders will take note that at $0.1621, shares of MJNA are trading above their 50-day moving average (MA) at $0.14 and above their 200-day MA at $0.076. 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 Medical Mariju?
Medical Marijuana Inc is engaged in the development, sale and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company is led by its CEO from its headquarters in Poway, CA.
For more information on Medical Mariju 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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