American Cannabis Co Inc (AMMJ) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 14, gaining 12.05% to close the day at $0.159 after opening the trading day at $0.15. Today’s rise came with about 137,368 shares changing hands, compared to an average of 30-day volume of 358,819 for American Cannabis Co Inc. Shares moved as high at $0.159 and as low as $0.148 in today’s action.
The share appreciation gives the company a market capitalization of $6.48 million based upon 45.64 million shares outstanding.
In the past 52 weeks, shares of American Cannabis Co Inc have traded as low as $0.0146 and as high as $0.4. Technical traders will take note that at $0.159, shares of AMMJ are trading below their 50-day moving average (MA) at $0.179 and above their 200-day MA at $0.135. 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 AMMJ?
American Cannabis Co Inc through its subsidiaries provides industry specific advisory and consulting services, manufactures cultivation products and facilities, and manages supplies of ancillary products to cannabis industry.. The company is led by its CEO James R. Arabia from its headquarters in Denver, CO.
For more information on AMMJ 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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