Nemus Bioscience Inc. (OTCQB:NMUS) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on March 20, gaining 16.61% to close the day at $0.33 after opening the trading day at $0.31. Today’s rise came with about 278,298 shares changing hands, compared to an average of 30-day volume of 326,121 for Nemus Bioscience Inc.. Shares moved as high at $0.35 and as low as $0.3001 in today’s action.
The share appreciation gives the company a market capitalization of $5.89 million based upon 20.8 million shares outstanding.
In the past 52 weeks, shares of Nemus Bioscience Inc. have traded as low as $0.265 and as high as $1.8. Technical traders will take note that at $0.33, shares of NMUS are trading below their 50-day moving average (MA) at $0.368 and below their 200-day MA at $0.467. 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 Nemus Bio?
Nemus Bioscience Inc is a biopharmaceutical company. The company is engaged in the discovery, development, and the commercialization of cannabis-based therapeutics. The company is working from its headquarters in Costa Mesa, CA.
For more information on Nemus Bio 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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