Laguna Blends Inc (OTO:LAGBF) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on July 28, gaining 22.57% to close the day at $0.3416 after opening the trading day at $0.301. Today’s rise came with about 759,728 shares changing hands, compared to an average of 30-day volume of 166,538 for Laguna Blends Inc. Shares moved as high at $0.3641 and as low as $0.29 in today’s action.
The share appreciation gives the company a market capitalization of $16.03 million based upon 57.51 million shares outstanding.
In the past 52 weeks, shares of Laguna Blends Inc have traded as low as $0.0513 and as high as $0.34255. Technical traders will take note that at $0.3416, shares of LAGBF are trading above their 50-day moving average (MA) at $0.14 and above their 200-day MA at $0.156. 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 Laguna Blends?
Isodiol International Inc is engaged in the distribution of cannabis based products. It offers consumable and topical skin care products. The company is working from its headquarters in Vancouver, BC.
For more information on Laguna Blends 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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