Cartel Blue (OTO:CRTL) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on March 20, gaining 12.9% to close the day at $0.014 after opening the trading day at $0.0162. Today’s rise came with about 180,225 shares changing hands, compared to an average of 30-day volume of 80,966 for Cartel Blue. Shares moved as high at $0.0162 and as low as $0.0139 in today’s action.
The share appreciation gives the company a market capitalization of $4.65 million based upon 375.15 million shares outstanding.
In the past 52 weeks, shares of Cartel Blue have traded as low as $0.0109 and as high as $0.245. Technical traders will take note that at $0.014, shares of CRTL are trading below their 50-day moving average (MA) at $0.017 and below their 200-day MA at $0.063. 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 Cartel Blue?
Cartel Blue Inc manufactures and markets cotton/hemp jeans and tops for men and women. Its division Evolution of Consciousness Underground is a collection of eco-friendly hemp/cotton t-shirts, hoodies, tote bags, jeans, shorts, scarves, and jackets. The company is working from its headquarters in Los Angeles, CA.
For more information on Cartel Blue 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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