Novus Acquisition and Development Corp. (OTO:NDEV) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on July 27, gaining 5.41% to close the day at $0.54 after opening the trading day at $0.515. Today’s rise came with about 40,960 shares changing hands, compared to an average of 30-day volume of 105,369 for Novus Acquisition and Development Corp.. Shares moved as high at $0.55 and as low as $0.5 in today’s action.
The share appreciation gives the company a market capitalization of $87.61 million based upon 171.01 million shares outstanding.
In the past 52 weeks, shares of Novus Acquisition and Development Corp. have traded as low as $0.035 and as high as $1.51. Technical traders will take note that at $0.54, shares of NDEV are trading above their 50-day moving average (MA) at $0.513 and above their 200-day MA at $0.536. 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 Novus Acqstn?
Novus Acquisition & Development Corp is a holding company. The Company through its holdings offers health, life, and annuity insurance products and services. The company is working from its headquarters in Miami, FL.
For more information on Novus Acqstn 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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