Axim Biotechnologies Inc (OTCQB:AXIM) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on March 20, gaining 8.26% to close the day at $10.88 after opening the trading day at $10.19. Today’s rise came with about 51,351 shares changing hands, compared to an average of 30-day volume of 50,758 for Axim Biotechnologies Inc. Shares moved as high at $10.95 and as low as $10.09 in today’s action.
The share appreciation gives the company a market capitalization of $517.5 million based upon 51.49 million shares outstanding.
In the past 52 weeks, shares of Axim Biotechnologies Inc have traded as low as $0.21 and as high as $19.8. Technical traders will take note that at $10.88, shares of AXIM are trading below their 50-day moving average (MA) at $11.378 and above their 200-day MA at $4.535. 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 AXIM?
Axim Biotechnologies Inc is a development stage company. The company is working from its headquarters in New York, NY.
For more information on AXIM 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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