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Home / Market Movers / Cannabis Stock Leader: Global Hemp Group Inc (OTO:GBHPF) Surges 17.12% in Early Trading on March 22

Cannabis Stock Leader: Global Hemp Group Inc (OTO:GBHPF) Surges 17.12% in Early Trading on March 22

Global Hemp Group Inc (OTO:GBHPF) came out strong at the opening of trading on March 22, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 17.12%. After closing the previous session at $0.0222, shares of GBHPF opened this morning at $0.026 and are currently trading at $0.026. So far, about 140 shares have changed hands, compared to an average 30-day volume of 272,453 for Global Hemp Group Inc. Shares moved as high at $0.026 and as low as $0.026 in today’s early action.

The share appreciation gives the company a market capitalization of $3.26 million based upon 146.64 million shares outstanding.

In the past 52 weeks, shares of Global Hemp Group Inc have traded as low as $0.0042 and as high as $0.0592. Technical traders will take note that at $0.026, shares of GBHPF are trading below their 50-day moving average (MA) at $0.026 and above their 200-day MA at above $0.019. 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 $GBHPF?

Global Hemp Group Inc is engaged agriculture and manufacturing in the industrial hemp sector. The company is focused in acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries. The company is working from its headquarters in North Vancouver, BC.


For more information on GBHPF 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 9:30AM 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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