Plandai Biotechnology Inc (OTO:PLPL) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 12, gaining 3.64% to close the day at $0.0171 after opening the trading day at $0.0186. Today’s rise came with about 428,397 shares changing hands, compared to an average of 30-day volume of 785,033 for Plandai Biotechnology Inc. Shares moved as high at $0.0186 and as low as $0.016 in today’s action.
The share appreciation gives the company a market capitalization of $3.08 million based upon 186.53 million shares outstanding.
In the past 52 weeks, shares of Plandai Biotechnology Inc have traded as low as $0.0101 and as high as $0.0624. Technical traders will take note that at $0.0171, shares of PLPL are trading below their 50-day moving average (MA) at $0.021 and below their 200-day MA at $0.027. 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 Plandai Biotech?
Plandai Biotechnology Inc, together with its subsidiaries, is engaged in production of proprietary botanical extracts for the nutriceutical and pharmaceutical industries. The company is working from its headquarters in London, .
For more information on Plandai Biotech 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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