Laguna Blends Inc (OTO:LAGBF) 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 11.11%. After closing the previous session at $0.18, shares of LAGBF opened this morning at $0.2 and are currently trading at $0.2. So far, about 33,333 shares have changed hands, compared to an average 30-day volume of 114,913 for Laguna Blends Inc. Shares moved as high at $0.2 and as low as $0.2 in today’s early action.
The share appreciation gives the company a market capitalization of $5.07 million based upon 28.17 million shares outstanding.
In the past 52 weeks, shares of Laguna Blends Inc have traded as low as $0.069 and as high as $0.34255. Technical traders will take note that at $0.2, shares of LAGBF are trading above their 50-day moving average (MA) at $0.162 and above their 200-day MA at above $0.166. 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 $LAGBF?
Laguna Blends Inc is engaged in sale of nutritional health products derived from hemp. It offers hemp protein, Pro369, and protein coffee. The company is led by its CEO from its headquarters in Kelowna, BC.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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