New Colombia Res Inc (OTO:NEWC) 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 7.37%. After closing the previous session at $0.019, shares of NEWC opened this morning at $0.0209 and are currently trading at $0.0204. So far, about 365,073 shares have changed hands, compared to an average 30-day volume of 12.3 million for New Colombia Res Inc. Shares moved as high at $0.0211 and as low as $0.0199 in today’s early action.
The share appreciation gives the company a market capitalization of $2.93 million based upon 154.34 million shares outstanding.
In the past 52 weeks, shares of New Colombia Res Inc have traded as low as $0.0016 and as high as $0.05. Technical traders will take note that at $0.0204, shares of NEWC are trading above their 50-day moving average (MA) at $0.015 and above their 200-day MA at above $0.014. 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 $NEWC?
New Colombia Resources Inc is a development stage company. The Company is engaged in the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia. It owns La Tabaquera coal mine in Guaduas, Colombia. The company is led by its CEO from its headquarters in Sunny Isles Beach, FL.
For more information on NEWC 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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