Monarch America Inc (BTFL) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 14, gaining 33.33% to close the day at $0.0004 after opening the trading day at $0.0003. Today’s rise came with about 1.6 million shares changing hands, compared to an average of 30-day volume of 3.28 million for Monarch America Inc. Shares moved as high at $0.0005 and as low as $0.0003 in today’s action.
The share appreciation gives the company a market capitalization of $34,178 based upon 113.93 million shares outstanding.
In the past 52 weeks, shares of Monarch America Inc have traded as low as $0.0003 and as high as $0.1. Technical traders will take note that at $0.0004, shares of BTFL are trading below their 50-day moving average (MA) at $0.001 and below their 200-day MA at $0.017. 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 BTFL?
Monarch America Inc a fully-integrated cannabis management company engaged in sale and distribution of hydroponic lights and equipment and sales of specialty soil used in the growth of marijuana.. The company is led by its CEO from its headquarters in Denver, CO.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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