Pineapple Express Inc (CVEM:PNPL) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on March 20, gaining 50.0% to close the day at $1.5 after opening the trading day at $1.5. Today’s rise came with about 500 shares changing hands, compared to an average of 30-day volume of 6,730 for Pineapple Express Inc. Shares moved as high at $1.5 and as low as $1.5 in today’s action.
The share appreciation gives the company a market capitalization of $1.29 billion based upon 53.77 million shares outstanding.
In the past 52 weeks, shares of Pineapple Express Inc have traded as low as $0.02 and as high as $24.0. Technical traders will take note that at $1.5, shares of PNPL are trading below their 50-day moving average (MA) at $9.522 and below their 200-day MA at $3.277. 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 PNPL?
Pineapple Express Inc, through its subsidiary, provides capital to its canna-business clientele, purchase and lease real property to those canna-businesses. It also provides consulting services and technology to develop and enhance canna-businesses. The company is working from its headquarters in Los Angeles, CA.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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