Singlepoint Inc (OTO:SING) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 25, gaining 31.27% to close the day at $0.042005 after opening the trading day at $0.0314. Today’s rise came with about 18.47 million shares changing hands, compared to an average of 30-day volume of 5.61 million for Singlepoint Inc. Shares moved as high at $0.0463 and as low as $0.031 in today’s action.
The share appreciation gives the company a market capitalization of $10.65 million based upon 332.85 million shares outstanding.
In the past 52 weeks, shares of Singlepoint Inc have traded as low as $0.0046 and as high as $0.0503. Technical traders will take note that at $0.042, shares of SING are trading above their 50-day moving average (MA) at $0.017 and above their 200-day MA at $0.011. 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 Singlepoint Inc?
SinglePoint Inc is a mobile technology company engaged in mobile payments, mobile giving, and mobile bidding. It operates mobile commerce and communications platform to accept mobile credit card payments. The company is led by its CEO from its headquarters in Phoenix, AZ.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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