AlumiFuel Power Corp (OTO:AFPW) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 9, gaining 200.0% to close the day at $0.0003 after opening the trading day at $0.0002. Today’s rise came with about 185.85 million shares changing hands, compared to an average of 30-day volume of 32.92 million for AlumiFuel Power Corp. Shares moved as high at $0.0003 and as low as $0.0002 in today’s action.
The share appreciation gives the company a market capitalization of $222,848 based upon 2.23 billion shares outstanding.
In the past 52 weeks, shares of AlumiFuel Power Corp have traded as low as $1e-05 and as high as $0.001. Technical traders will take note that at $0.0003, shares of AFPW are trading above their 50-day moving average (MA) at $0.0 and above their 200-day MA at $0.0. 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 AFPW?
AlumiFuel Power Corporation is an early production stage renewable energy company. The Company is engaged in generating hydrogen gas and superheated steam through the chemical reaction of aluminum, water and proprietary additives. The company is working from its headquarters in Englewood, CO.
For more information on AFPW 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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