Gala Global Inc (OTO:GLAG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on March 20, gaining 13.12% to close the day at $0.5 after opening the trading day at $0.4682. Today’s rise came with about 1,579 shares changing hands, compared to an average of 30-day volume of 1,349 for Gala Global Inc. Shares moved as high at $0.5 and as low as $0.442 in today’s action.
The share appreciation gives the company a market capitalization of $605,203 based upon 1.37 million shares outstanding.
In the past 52 weeks, shares of Gala Global Inc have traded as low as $0.22 and as high as $2.5. Technical traders will take note that at $0.5, shares of GLAG are trading below their 50-day moving average (MA) at $0.697 and below their 200-day MA at $0.791. 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 GLAG?
Gala Global Inc develops cannabinoid based health & wellness products and medical grade compounds. It also licenses proprietary testing, genetics, labeling & packaging, tracking, production, & standardization methods for the medicinal herb industry. The company is working from its headquarters in Las Vegas, NV.
For more information on GLAG 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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