Kona Gold Solutions Inc (OTO:KGKG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 9, gaining 19.05% to close the day at $0.0075 after opening the trading day at $0.0065. Today’s rise came with about 1.27 million shares changing hands, compared to an average of 30-day volume of 664,140 for Kona Gold Solutions Inc. Shares moved as high at $0.0079 and as low as $0.0065 in today’s action.
The share appreciation gives the company a market capitalization of $2.6 million based upon 412.97 million shares outstanding.
In the past 52 weeks, shares of Kona Gold Solutions Inc have traded as low as $0.0017 and as high as $0.026. Technical traders will take note that at $0.0075, shares of KGKG are trading below their 50-day moving average (MA) at $0.008 and above their 200-day MA at $0.006. 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 KGKG?
Kona Gold Solutions Inc is engaged in manufacturing apparel. It is also in the process of developing hemp infused product line. The company is working from its headquarters in Rockledge, FL.
For more information on KGKG 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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