Monday , June 17 2019
Breaking News
Home / Market Movers / Cannabis Stock Leader: FBEC Worldwide (OTO:FBEC) Surges 5.88% in Early Trading on March 20

Cannabis Stock Leader: FBEC Worldwide (OTO:FBEC) Surges 5.88% in Early Trading on March 20

FBEC Worldwide (OTO:FBEC) 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 5.88%. After closing the previous session at $0.0017, shares of FBEC opened this morning at $0.0018 and are currently trading at $0.0018. So far, about 392,232 shares have changed hands, compared to an average 30-day volume of 34.69 million for FBEC Worldwide. Shares moved as high at $0.0018 and as low as $0.0018 in today’s early action.

The share appreciation gives the company a market capitalization of $230,003 based upon 135.3 million shares outstanding.

In the past 52 weeks, shares of FBEC Worldwide have traded as low as $0.001 and as high as $0.0513. Technical traders will take note that at $0.0018, shares of FBEC are trading below their 50-day moving average (MA) at $0.007 and below their 200-day MA at below $0.014. 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 $FBEC?

FBEC Worldwide Inc is engaged sales, distribution and marketing business for the promotion and sale of hemp based energy drinks. The company is working from its headquarters in Cheyenne, WY.

For more information on FBEC and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 9:30AM ET.

About 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 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:

About Jeremy Wilchek

Check Also

Cannabis Stock Leader: Zoned Properties Inc (OTCQX:ZDPY) Advances 23.08% for July 28

Zoned Properties Inc (OTCQX:ZDPY) outpaced most other peers in the directory of the approximately 200 …