Ubiquitech Software Corp (OTO:UBQU) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 25, gaining 12.24% to close the day at $0.033 after opening the trading day at $0.0341. Today’s rise came with about 10.48 million shares changing hands, compared to an average of 30-day volume of 5.78 million for Ubiquitech Software Corp. Shares moved as high at $0.0341 and as low as $0.0268 in today’s action.
The share appreciation gives the company a market capitalization of $1.55 million based upon 52.81 million shares outstanding.
In the past 52 weeks, shares of Ubiquitech Software Corp have traded as low as $0.0054 and as high as $0.055. Technical traders will take note that at $0.033, shares of UBQU are trading above their 50-day moving average (MA) at $0.016 and above their 200-day MA at $0.019. 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 UBQU?
Ubiquitech Software Corp is engaged in developing and marketing proprietary specialized computer software to manage electronically stored data. The company is led by its CEO Young Yuan from its headquarters in Las Vegas, NV.
For more information on UBQU 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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