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Home / Market Movers / Cannabis Stock Leader: Medical Marijuana Inc (OTO:MJNA) Gains 7.09% at Midday on January 25

Cannabis Stock Leader: Medical Marijuana Inc (OTO:MJNA) Gains 7.09% at Midday on January 25

Medical Marijuana Inc (OTO:MJNA) has a strong morning trading session on January 25, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 7.09%. After closing the previous session at $0.151, shares of $MJNA opened this morning at $0.1547 and are trading at $0.1617 at the lunch break. So far, about 10.02 million shares have changed hands, compared to an average of 30-day volume of 31.22 million for Medical Marijuana Inc. Shares moved as high at ${round high 4} and as low as $0.1505 in AM trading 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 $0.1617, 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 12:00PM ET.

About PotNetwork.com

PotNetwork.com 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 PotNetwork.com. 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: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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