Crailar Technologies Inc (OTO:CRLRQ) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on July 28, gaining 20.0% to close the day at $0.0012 after opening the trading day at $0.0012. Today’s rise came with about 62,500 shares changing hands, compared to an average of 30-day volume of 49,775 for Crailar Technologies Inc. Shares moved as high at $0.0012 and as low as $0.0012 in today’s action.
The share appreciation gives the company a market capitalization of $66,378 based upon 66.38 million shares outstanding.
In the past 52 weeks, shares of Crailar Technologies Inc have traded as low as $0.0001 and as high as $0.006. Technical traders will take note that at $0.0012, shares of CRLRQ are trading above their 50-day moving average (MA) at $0.001 and below their 200-day MA at $0.002. 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 Crailar Tech?
Crailar Technologies Inc is engaged in production of natural & proprietary CRAiLAR Flax fibers for the natural yarn & textile industries. It is also engaged in deployment of CRAiLAR processing technologies in the cellulose pulp & composites industries. The company is working from its headquarters in Victoria, BC.
For more information on Crailar Tech 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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