MCIG Inc (OTCQB:MCIG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on July 26, gaining 5.99% to close the day at $0.2565 after opening the trading day at $0.2425. Today’s rise came with about 1.76 million shares changing hands, compared to an average of 30-day volume of 1.39 million for MCIG Inc. Shares moved as high at $0.26 and as low as $0.2425 in today’s action.
The share appreciation gives the company a market capitalization of $84.31 million based upon 348.39 million shares outstanding.
In the past 52 weeks, shares of MCIG Inc have traded as low as $0.0255 and as high as $0.505. Technical traders will take note that at $0.2565, shares of MCIG are trading above their 50-day moving average (MA) at $0.204 and above their 200-day MA at $0.22. 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 MCIG Inc?
mCig Inc is a diversified holdings company. It focuses on technology and consulting, cultivation, biotech, vaporizers, dispensary supplies, and payment processing business. The company is working from its headquarters in Henderson, NV.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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