Canna Consumer Goods Inc (OTO:CBMJ) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on July 26, gaining 14.63% to close the day at $0.0047 after opening the trading day at $0.0046. Today’s rise came with about 964,992 shares changing hands, compared to an average of 30-day volume of 279,303 for Canna Consumer Goods Inc. Shares moved as high at $0.0047 and as low as $0.0042 in today’s action.
The share appreciation gives the company a market capitalization of $156,254 based upon 38.11 million shares outstanding.
In the past 52 weeks, shares of Canna Consumer Goods Inc have traded as low as $0.0019 and as high as $0.02. Technical traders will take note that at $0.0047, shares of CBMJ are trading below their 50-day moving average (MA) at $0.005 and below their 200-day MA at $0.007. 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 CBMJ?
Canna Consumer Goods Inc, through its wholly-owned subsidiary is engaged in providing branding and marketing solutions for cannabis companies on the West Coast states of Washington, Oregon & California for medical and/or recreational use. The company is working from its headquarters in West Palm Beach, FL.
For more information on CBMJ 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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