Nemus Bioscience Inc. (OTCQB:NMUS) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 6, gaining 3.45% to close the day at $0.3 after opening the trading day at $0.3. Today’s rise came with about 39,690 shares changing hands, compared to an average of 30-day volume of 192,632 for Nemus Bioscience Inc.. Shares moved as high at $0.3068 and as low as $0.2855 in today’s action.
The share appreciation gives the company a market capitalization of $8.8 million based upon 30.33 million shares outstanding.
In the past 52 weeks, shares of Nemus Bioscience Inc. have traded as low as $0.24 and as high as $1.8. Technical traders will take note that at $0.3, shares of NMUS are trading above their 50-day moving average (MA) at $0.296 and below their 200-day MA at $0.414. 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 Nemus Bio?
Nemus Bioscience Inc is a biopharmaceutical company. The company is engaged in the discovery, development, and the commercialization of cannabis-based therapeutics. The company is working from its headquarters in Costa Mesa, CA.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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