Medical Marijuana Inc (OTO:MJNA) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 5, gaining 7.46% to close the day at $0.109501 after opening the trading day at $0.1017. Today’s rise came with about 13.02 million shares changing hands, compared to an average of 30-day volume of 6.38 million for Medical Marijuana Inc. Shares moved as high at $0.1129 and as low as $0.1004 in today’s action.
The share appreciation gives the company a market capitalization of $181.9 million based upon 1.79 billion shares outstanding.
In the past 52 weeks, shares of Medical Marijuana Inc have traded as low as $0.0378 and as high as $0.268. Technical traders will take note that at $0.1095, shares of MJNA are trading below their 50-day moving average (MA) at $0.118 and below their 200-day MA at $0.113. 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 Medical Mariju?
Medical Marijuana Inc is engaged in the development, sale and distribution of cannabinoid based health and wellness products and the development of medical grade compounds. Its portfolio of products and services solely focused on legal hemp industry. The company is working from its headquarters in Poway, CA.
For more information on Medical Mariju 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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