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Cannabis Stock Leader: American Cannabis Co Inc (AMMJ) Surges 12.05% in Early Trading on June 14

American Cannabis Co Inc (AMMJ) came out strong at the opening of trading on June 14, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 12.05%. After closing the previous session at $0.1419, shares of AMMJ opened this morning at $0.15 and are currently trading at $0.159. So far, about 12,000 shares have changed hands, compared to an average 30-day volume of 358,819 for American Cannabis Co Inc. Shares moved as high at $0.159 and as low as $0.15 in today’s early 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 above $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 9:00PM ET.

About PotNetwork.com

PotNetwork.com is a leading publisher of market news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the legal cannabis and medical marijuana markets. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts interested in all segments, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications and market exposure. A complete disclaimer can be viewed here.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of PotNetwork.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://potnetwork.com/legal-disclaimer/.

About Jeremy Wilchek

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