Laguna Blends Inc (OTO:LAGBF) 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 9.2%. After closing the previous session at $0.1218, shares of LAGBF opened this morning at $0.1274 and are currently trading at $0.133. So far, about 4,000 shares have changed hands, compared to an average 30-day volume of 64,779 for Laguna Blends Inc. Shares moved as high at $0.133 and as low as $0.1274 in today’s early action.
The share appreciation gives the company a market capitalization of $6.52 million based upon 53.51 million shares outstanding.
In the past 52 weeks, shares of Laguna Blends Inc have traded as low as $0.069 and as high as $0.34255. Technical traders will take note that at $0.133, shares of LAGBF are trading below their 50-day moving average (MA) at $0.155 and below their 200-day MA at below $0.176. 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 $LAGBF?
Laguna Blends Inc is engaged in sale of nutritional health products derived from hemp. It offers hemp protein, Pro369, and protein coffee. The company is working from its headquarters in Kelowna, BC.
For more information on LAGBF 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 9:30AM ET.
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