India Globalization Capital Inc. (AMX:IGC) 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 8.53%. After closing the previous session at $0.3869, shares of IGC opened this morning at $0.4062 and are currently trading at $0.4199. So far, about 31,863 shares have changed hands, compared to an average 30-day volume of 314,912 for India Globalization Capital Inc.. Shares moved as high at $0.42 and as low as $0.4062 in today’s early action.
The share appreciation gives the company a market capitalization of $10.68 million based upon 27.61 million shares outstanding.
In the past 52 weeks, shares of India Globalization Capital Inc. have traded as low as $0.19 and as high as $0.6701. Technical traders will take note that at $0.4199, shares of IGC are trading above their 50-day moving average (MA) at $0.3 and above their 200-day MA at above $0.392. 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 $IGC?
India Globalization Capital Inc develops intellectual property for the treatment of life altering or life threatening conditions through its research on phytocannabinoid-based therapies. The company is working from its headquarters in Bethesda, MD.
For more information on IGC 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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