WEED INC. (OTO:BUDZ) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on March 20, gaining 12.56% to close the day at $2.42 after opening the trading day at $2.215. Today’s rise came with about 79,460 shares changing hands, compared to an average of 30-day volume of 88,732 for WEED INC.. Shares moved as high at $2.45 and as low as $2.18 in today’s action.
The share appreciation gives the company a market capitalization of $29.54 million based upon 13.74 million shares outstanding.
In the past 52 weeks, shares of WEED INC. have traded as low as $0.055 and as high as $5.05. Technical traders will take note that at $2.42, shares of BUDZ are trading below their 50-day moving average (MA) at $3.374 and above their 200-day MA at $1.07. 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 BUDZ?
Weed Inc is engaged in purchasing land and building commercial grade cultivation centers for the legal and medical marijuana sector in the United States. The company is working from its headquarters in Tucson, AZ.
For more information on BUDZ 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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