North American Cannabis Holdings Inc (OTO:USMJ) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 7, gaining 7.69% to close the day at $0.0007 after opening the trading day at $0.0006. Today’s rise came with about 60.19 million shares changing hands, compared to an average of 30-day volume of 68.54 million for North American Cannabis Holdings Inc. Shares moved as high at $0.0007 and as low as $0.0006 in today’s action.
The share appreciation gives the company a market capitalization of $8.53 million based upon 13.12 billion shares outstanding.
In the past 52 weeks, shares of North American Cannabis Holdings Inc have traded as low as $1e-06 and as high as $0.006. Technical traders will take note that at $0.0007, shares of USMJ are trading below their 50-day moving average (MA) at $0.001 and below their 200-day MA at $0.001. 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 USMJ?
North American Cannabis Holdings Inc is engaged in the business of hemp production in Vermont to supply seed to the expanding hemp farming market, hemp based consumer products market, and hemp based construction material market. The company is working from its headquarters in Dallas, TX.
For more information on USMJ 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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