India Globalization Capital Inc. (AMX:IGC) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on July 28, gaining 4.3% to close the day at $0.4339 after opening the trading day at $0.43. Today’s rise came with about 851,575 shares changing hands, compared to an average of 30-day volume of 428,089 for India Globalization Capital Inc.. Shares moved as high at $0.46 and as low as $0.412 in today’s action.
The share appreciation gives the company a market capitalization of $12.72 million based upon 30.57 million shares outstanding.
In the past 52 weeks, shares of India Globalization Capital Inc. have traded as low as $0.19 and as high as $0.8. Technical traders will take note that at $0.4339, shares of IGC are trading above their 50-day moving average (MA) at $0.411 and above their 200-day MA at $0.37. 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 IGC?
India Globalization Capital Inc is engaged in the development of cannabis-based therapies to treat pain, PTSD, seizures, cachexia, chronic and terminal neurological and oncological diagnoses, and other life altering conditions. The company is working from its headquarters in Bethesda, MD.
For more information on IGC 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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