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Home / Market Movers / Cannabis Stock Leader: Canabo Medical (OTCQB:CAMDF) Advances 1.69% for July 25

Cannabis Stock Leader: Canabo Medical (OTCQB:CAMDF) Advances 1.69% for July 25

Canabo Medical (OTCQB:CAMDF) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on July 25, gaining 1.69% to close the day at $0.342 after opening the trading day at $0.342. Today’s rise came with about 15,000 shares changing hands, compared to an average of 30-day volume of 7,160 for Canabo Medical. Shares moved as high at $0.342 and as low as $0.342 in today’s action.

The share appreciation gives the company a market capitalization of $12.77 million based upon 37.96 million shares outstanding.

In the past 52 weeks, shares of Canabo Medical have traded as low as $0.257 and as high as $1.0. Technical traders will take note that at $0.342, shares of CAMDF are trading above their 50-day moving average (MA) at $0.321 and below their 200-day MA at $0.509. 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 CAMDF?

Canabo Medical Inc through its subsidiary is engaged in providing of medical services and products for patients suffering from chronic pain and disabling illnesses through its health clinics operated by qualified health care practitioners. The company is working from its headquarters in Vancouver, BC.

For more information on CAMDF and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

About Jeremy Wilchek

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