Ecosphere Techs Inc (OTCQB:ESPH) 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 9.8%. After closing the previous session at $0.05, shares of ESPH opened this morning at $0.0549 and are currently trading at $0.0549. So far, about 10,000 shares have changed hands, compared to an average 30-day volume of 230,470 for Ecosphere Techs Inc. Shares moved as high at $0.0549 and as low as $0.0549 in today’s early action.
The share appreciation gives the company a market capitalization of $8.69 million based upon 173.71 million shares outstanding.
In the past 52 weeks, shares of Ecosphere Techs Inc have traded as low as $0.02 and as high as $0.138. Technical traders will take note that at $0.0549, shares of ESPH are trading above their 50-day moving average (MA) at $0.042 and above their 200-day MA at above $0.047. 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 $ESPH?
Ecosphere Technologies Inc is a technology development and intellectual property licensing company. It is engaged in developing patented solutions for the water, agriculture, energy and industrial markets. The company is led by its CEO Dennis Mcguire from its headquarters in Stuart, FL.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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