Canopy Growth Corp (OTO:TWMJF) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 8, gaining 2.78% to close the day at $5.449 after opening the trading day at $5.3706. Today’s rise came with about 126,455 shares changing hands, compared to an average of 30-day volume of 224,266 for Canopy Growth Corp. Shares moved as high at $5.5 and as low as $5.22 in today’s action.
The share appreciation gives the company a market capitalization of $875.91 million based upon 165.22 million shares outstanding.
In the past 52 weeks, shares of Canopy Growth Corp have traded as low as $1.9924 and as high as $14.39. Technical traders will take note that at $5.449, shares of TWMJF are trading below their 50-day moving average (MA) at $6.665 and below their 200-day MA at $6.468. 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 TWMJF?
Canopy Growth Corp is a multi-brand holding company. Through its subsidiaries Tweed Inc, Tweed Farms Inc, and Bedrocan Canada Inc, the Company is engaged in growing and distributing marijuana products to patients across Canada. The company is working from its headquarters in Smiths Falls, ON.
For more information on TWMJF 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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