ForeverGreen Worldwide Corp (OTCQB:FVRG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 6.06% to close the day at $0.35 after opening the trading day at $0.34. Today’s rise came with about 45,522 shares changing hands, compared to an average of 30-day volume of 28,826 for ForeverGreen Worldwide Corp. Shares moved as high at $0.35 and as low as $0.34 in today’s action.
The share appreciation gives the company a market capitalization of $8.36 million based upon 25.34 million shares outstanding.
In the past 52 weeks, shares of ForeverGreen Worldwide Corp have traded as low as $0.25 and as high as $1.241. Technical traders will take note that at $0.35, shares of FVRG are trading below their 50-day moving average (MA) at $0.37 and below their 200-day MA at $0.521. 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 FVRG?
ForeverGreen Worldwide Corp develops, manufactures, and distributes all-natural whole foods and health products to North America, Australia, Europe, Asia, Africa and South America. Its products include PowerStrips, Ketopia among others.. The company is led by its CEO Ronald K. Williams from its headquarters in Lindon, UT.
For more information on FVRG 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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