1PM Industries Inc (OTO:OPMZ) came out strong at the opening of trading on March 20, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 10.0%. After closing the previous session at $0.009, shares of OPMZ opened this morning at $0.0092 and are currently trading at $0.0099. So far, about 1.68 million shares have changed hands, compared to an average 30-day volume of 28.21 million for 1PM Industries Inc. Shares moved as high at $0.0099 and as low as $0.009 in today’s early action.
The share appreciation gives the company a market capitalization of $1.49 million based upon 165.5 million shares outstanding.
In the past 52 weeks, shares of 1PM Industries Inc have traded as low as $0.0017 and as high as $0.385. Technical traders will take note that at $0.0099, shares of OPMZ are trading above their 50-day moving average (MA) at $0.004 and below their 200-day MA at below $0.054. 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 $OPMZ?
1PM Industries Inc is engaged in the sale and distribution of medical marijuana under the brand Von Baron Farms. The Company sells products including Pancake and Waffle Batter. The company is working from its headquarters in Beverly Hills, CA.
For more information on OPMZ 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.
PotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.