Nemus Bioscience Inc. (OTCQB:NMUS) 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 17.67%. After closing the previous session at $0.283, shares of NMUS opened this morning at $0.31 and are currently trading at $0.333. So far, about 9,938 shares have changed hands, compared to an average 30-day volume of 326,121 for Nemus Bioscience Inc.. Shares moved as high at $0.333 and as low as $0.31 in today’s early 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 $0.333, shares of NMUS are trading below their 50-day moving average (MA) at $0.368 and below their 200-day MA at below $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.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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