Crailar Technologies Inc (CRLRF) came out strong at the opening of trading on June 3, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 258.33%. After closing the previous session at $0.0012, shares of CRLRF opened this morning at $0.0018 and are currently trading at $0.0043. So far, about 200,000 shares have changed hands, compared to an average 30-day volume of 81,434 for Crailar Technologies Inc. Shares moved as high at $0.0043 and as low as $0.0018 in today’s early action.
The share appreciation gives the company a market capitalization of $79,653 based upon 66.38 million shares outstanding.
In the past 52 weeks, shares of Crailar Technologies Inc have traded as low as $0.0005 and as high as $0.2. Technical traders will take note that at $0.0043, shares of CRLRF are trading above their 50-day moving average (MA) at $0.002 and below their 200-day MA at below $0.013. 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 led by its CEO Lesley Hayes 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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