Cannabis Science Inc (OTO:CBIS) 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 9.45%. After closing the previous session at $0.0995, shares of CBIS opened this morning at $0.1029 and are currently trading at $0.1089. So far, about 4.15 million shares have changed hands, compared to an average 30-day volume of 60.74 million for Cannabis Science Inc. Shares moved as high at $0.1089 and as low as $0.1029 in today’s early action.
The share appreciation gives the company a market capitalization of $230.07 million based upon 2.31 billion shares outstanding.
In the past 52 weeks, shares of Cannabis Science Inc have traded as low as $0.0101 and as high as $0.1395. Technical traders will take note that at $0.1089, shares of CBIS are trading above their 50-day moving average (MA) at $0.055 and above their 200-day MA at above $0.029. 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 $CBIS?
Cannabis Science Inc is engaged in the creation of cannabis-based medicines, both with and without psychoactive properties, to treat disease and the symptoms of disease, as well as for general health maintenance. The company is led by its CEO Robert Melamede from its headquarters in Colorado Springs, CO.
For more information on CBIS 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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