Grow Condos Inc (OTCQB:GRWC) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on March 21, gaining 5.88% to close the day at $1.08 after opening the trading day at $1.044. Today’s rise came with about 33,078 shares changing hands, compared to an average of 30-day volume of 42,992 for Grow Condos Inc. Shares moved as high at $1.1 and as low as $1.04 in today’s action.
The share appreciation gives the company a market capitalization of $30.52 million based upon 29.92 million shares outstanding.
In the past 52 weeks, shares of Grow Condos Inc have traded as low as $0.55 and as high as $2.55. Technical traders will take note that at $1.08, shares of GRWC are trading below their 50-day moving average (MA) at $1.093 and below their 200-day MA at $1.154. 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 GRWC?
Grow Condos Inc is a real estate purchaser, developer and manager of specific use industrial properties providing Condo style facilities to support Cannabis Farmers. The company is working from its headquarters in Eagle Point, OR.
For more information on GRWC 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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