Kaya Holdings Inc (OTCQB:KAYS) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on March 20, gaining 5.26% to close the day at $0.2 after opening the trading day at $0.188. Today’s rise came with about 648,475 shares changing hands, compared to an average of 30-day volume of 1.13 million for Kaya Holdings Inc. Shares moved as high at $0.219 and as low as $0.1849 in today’s action.
The share appreciation gives the company a market capitalization of $21.36 million based upon 112.4 million shares outstanding.
In the past 52 weeks, shares of Kaya Holdings Inc have traded as low as $0.045 and as high as $0.575. Technical traders will take note that at $0.2, shares of KAYS are trading below their 50-day moving average (MA) at $0.281 and above their 200-day MA at $0.151. 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 KAYS?
Kaya Holdings Inc develops cannabis operations. It owns & operates Kaya Shack, a medical marijuana dispensary in Portland, Oregon. It produces, distributes & sells cannabis products, including flower, concentrates & cannabis-infused baked goods. The company is working from its headquarters in Fort Lauderdale, FL.
For more information on KAYS 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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