Ecosphere Techs Inc (OTCQB:ESPH) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on May 2, gaining 6.44% to close the day at $0.04 after opening the trading day at $0.038. Today’s rise came with about 5,000 shares changing hands, compared to an average of 30-day volume of 92,033 for Ecosphere Techs Inc. Shares moved as high at $0.04 and as low as $0.038 in today’s action.
The share appreciation gives the company a market capitalization of $6.69 million based upon 178.04 million shares outstanding.
In the past 52 weeks, shares of Ecosphere Techs Inc have traded as low as $0.0225 and as high as $0.138. Technical traders will take note that at $0.04, shares of ESPH are trading below their 50-day moving average (MA) at $0.041 and below their 200-day MA at $0.043. 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 ESPH?
Ecosphere Technologies Inc is a technology development and intellectual property licensing company. It is engaged in developing patented solutions for the water, agriculture, energy and industrial markets. The company is working from its headquarters in Stuart, FL.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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