Americann Inc (OTCQX:ACAN) came out strong at the opening of trading on January 26, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 6.78%. After closing the previous session at $3.98, shares of ACAN opened this morning at $4.145 and are currently trading at $4.25. So far, about 8,541 shares have changed hands, compared to an average 30-day volume of 101,655 for Americann Inc. Shares moved as high at $4.25 and as low as $4.1 in today’s early action.
The share appreciation gives the company a market capitalization of $66.19 million based upon 16.63 million shares outstanding.
In the past 52 weeks, shares of Americann Inc have traded as low as $0.31 and as high as $4.24. Technical traders will take note that at $4.25, shares of ACAN are trading above their 50-day moving average (MA) at $1.999 and above their 200-day MA at above $1.245. 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 $ACAN?
Americann Inc develops and supports medical cannabis cultivation and processing facilities. The Company brings professionalism and traditional horticultural and proven business practices in medical cannabis industry. The company is led by its CEO Timothy Keogh from its headquarters in Denver, CO.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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