FBEC Worldwide (OTO:FBEC) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on May 2, gaining 14.29% to close the day at $0.0008 after opening the trading day at $0.0008. Today’s rise came with about 23.55 million shares changing hands, compared to an average of 30-day volume of 46.59 million for FBEC Worldwide. Shares moved as high at $0.0009 and as low as $0.0008 in today’s action.
The share appreciation gives the company a market capitalization of $328,288 based upon 468.98 million shares outstanding.
In the past 52 weeks, shares of FBEC Worldwide have traded as low as $0.0006 and as high as $0.0513. Technical traders will take note that at $0.0008, shares of FBEC are trading below their 50-day moving average (MA) at $0.002 and below their 200-day MA at $0.012. 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 4:30PM ET.
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