MCIG Inc (OTCQB:MCIG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 7, gaining 2.73% to close the day at $0.188 after opening the trading day at $0.1848. Today’s rise came with about 731,078 shares changing hands, compared to an average of 30-day volume of 1.53 million for MCIG Inc. Shares moved as high at $0.195 and as low as $0.1822 in today’s action.
The share appreciation gives the company a market capitalization of $63.75 million based upon 348.39 million shares outstanding.
In the past 52 weeks, shares of MCIG Inc have traded as low as $0.0255 and as high as $0.505. Technical traders will take note that at $0.188, shares of MCIG are trading below their 50-day moving average (MA) at $0.228 and below their 200-day MA at $0.19. 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 MCIG Inc?
mCig Inc is a technology company. It is engaged in manufacturing and retailing of loose-leaf Ecig. The company is working from its headquarters in Henderson, NV.
For more information on MCIG Inc 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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