Monarch America Inc (OTO:BTFL) came out strong at the opening of trading on March 22, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 33.33%. After closing the previous session at $0.0006, shares of BTFL opened this morning at $0.0008 and are currently trading at $0.0008. So far, about 620,000 shares have changed hands, compared to an average 30-day volume of 16.34 million for Monarch America Inc. Shares moved as high at $0.0008 and as low as $0.0008 in today’s early action.
The share appreciation gives the company a market capitalization of $68,356 based upon 113.93 million shares outstanding.
In the past 52 weeks, shares of Monarch America Inc have traded as low as $0.0001 and as high as $0.0019. Technical traders will take note that at $0.0008, shares of BTFL are trading below their 50-day moving average (MA) at $0.001 and above their 200-day MA at above $0.0. 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 $BTFL?
Monarch America Inc a fully-integrated cannabis management company engaged in sale and distribution of hydroponic lights and equipment and sales of specialty soil used in the growth of marijuana. The company is working from its headquarters in Denver, CO.
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All data provided by QuoteMedia and was accurate as of 9:30AM ET.
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