Northsight Capital Inc (OTO:NCAP) 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 9.4%. After closing the previous session at $0.149, shares of NCAP opened this morning at $0.15 and are trading at $0.135 shortly after the opening bell. So far, about 15,550 shares have changed hands, compared to an average of 30-day volume of 236,312 for Northsight Capital Inc. Shares moved as high at $0.15 and as low as $0.135 in today’s early action.
The share depreciation gives the company a market capitalization of $16.8 million based upon 112.76 million shares outstanding.
In the past 52 weeks, shares of Northsight Capital Inc have traded as low as $0.04 and as high as $0.35. Technical traders will take note that at $0.135, shares of NCAP are trading below their 50-day moving average (MA) at $0.16 and above their 200-day MA at $0.124. 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 NCAP?
Northsight Capital Inc provides variety of online directories for a broad range of businesses engaged in the lawful sale and distribution of cannabis and hemp related products. The company is led by its CEO John H. Bluher from its headquarters in Scottsdale, AZ.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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