FBEC Worldwide (OTO:FBEC) came out strong at the opening of trading on March 21, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 8.25%. After closing the previous session at $0.0012, shares of FBEC opened this morning at $0.0012 and are currently trading at $0.0013. So far, about 3.85 million shares have changed hands, compared to an average 30-day volume of 40.33 million for FBEC Worldwide. Shares moved as high at $0.0013 and as low as $0.0012 in today’s early action.
The share appreciation gives the company a market capitalization of $162,355 based upon 135.3 million shares outstanding.
In the past 52 weeks, shares of FBEC Worldwide have traded as low as $0.001 and as high as $0.0513. Technical traders will take note that at $0.0013, shares of FBEC are trading below their 50-day moving average (MA) at $0.007 and below their 200-day MA at below $0.014. 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 $FBEC?
FBEC Worldwide Inc is engaged sales, distribution and marketing business for the promotion and sale of hemp based energy drinks. The company is working from its headquarters in Cheyenne, WY.
For more information on FBEC 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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