Novus Acquisition and Development, Corp. (OTO:NDEV) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on February 13, gaining 21.91% to close the day at $0.6248 after opening the trading day at $0.529. Today’s rise came with about 1.15 million shares changing hands, compared to an average of 30-day volume of 952,814 for Novus Acquisition and Development, Corp.. Shares moved as high at $0.65 and as low as $0.513 in today’s action.
The share appreciation gives the company a market capitalization of $87.64 million based upon 171.01 million shares outstanding.
In the past 52 weeks, shares of Novus Acquisition and Development, Corp. have traded as low as $0.006 and as high as $1.51. Technical traders will take note that at $0.6248, shares of NDEV are trading below their 50-day moving average (MA) at $0.718 and above their 200-day MA at $0.246. 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 Novus Acqstn?
Novus Acquisition & Development Corp is a holding company. The Company through its holdings offers health, life, and annuity insurance products and services. The company is led by its CEO from its headquarters in Miami, FL.
For more information on Novus Acqstn 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 4:30PM ET.
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