North American Cannabis Holdings Inc (OTO:USMJ) is coming out weak in the morning trading session on January 26, declining more than most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an slide of 11.11%. After closing the previous session at $0.0009, shares of USMJ opened this morning at $0.0009 and are trading at $0.0008 shortly after the opening bell. So far, about 68.05 million shares have changed hands, compared to an average of 30-day volume of 164.93 million for North American Cannabis Holdings Inc. Shares moved as high at $0.0009 and as low as $0.0008 in today’s early action.
The share depreciation gives the company a market capitalization of $26,420 based upon 29.36 million shares outstanding.
In the past 52 weeks, shares of North American Cannabis Holdings Inc have traded as low as $1e-06 and as high as $0.0009. Technical traders will take note that at $0.0008, shares of USMJ are trading above their 50-day moving average (MA) at $0.0 and above their 200-day MA at $0.0. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath them is typically regarded as bearish.
Who is USMJ?
North American Cannabis Holdings Inc is engaged in the business of hemp production in Vermont to supply seed to the expanding hemp farming market, hemp based consumer products market, and hemp based construction material market. The company is led by its CEO from its headquarters in Dallas, TX.
For more information on USMJ 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 9:30AM ET.
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