Praetorian Property Inc (OTO:PRRE) 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 14.86%. After closing the previous session at $1.48, shares of PRRE opened this morning at $1.51 and are currently trading at $1.7. So far, about 10,710 shares have changed hands, compared to an average 30-day volume of 63,670 for Praetorian Property Inc. Shares moved as high at $1.7 and as low as $1.51 in today’s early action.
The share appreciation gives the company a market capitalization of $230.88 million based upon 156.0 million shares outstanding.
In the past 52 weeks, shares of Praetorian Property Inc have traded as low as $0.0215 and as high as $1.95. Technical traders will take note that at $1.7, shares of PRRE are trading above their 50-day moving average (MA) at $0.388 and above their 200-day MA at above $0.169. 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 $PRRE?
Praetorian Property Inc, formerly Cannabis Rx Inc is engaged in the business of acquiring a portfolio of distressed properties in certain strategic areas at deep discounts, rehabilitating these properties and selling or leasing them. The company is led by its CEO Llorn Kylo from its headquarters in Scottsdale, AZ.
For more information on PRRE 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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