Supreme Pharmaceuticals Inc (OTO:SPRWF) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on July 25, gaining 2.6% to close the day at $0.9576 after opening the trading day at $0.9445. Today’s rise came with about 50,509 shares changing hands, compared to an average of 30-day volume of 129,192 for Supreme Pharmaceuticals Inc. Shares moved as high at $0.97 and as low as $0.939 in today’s action.
The share appreciation gives the company a market capitalization of $175.42 million based upon 187.96 million shares outstanding.
In the past 52 weeks, shares of Supreme Pharmaceuticals Inc have traded as low as $0.28 and as high as $2.5. Technical traders will take note that at $0.9576, shares of SPRWF are trading below their 50-day moving average (MA) at $0.982 and below their 200-day MA at $1.145. 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 SPRWF?
Supreme is a cultivator and distributor of sun grown cannabis through its wholly-owned subsidiary 7ACRES. The company is working from its headquarters in Toronto, ON.
For more information on SPRWF 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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