THC Biomed International Ltd (OTCQB:THCBF) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 12, gaining 7.33% to close the day at $0.3544 after opening the trading day at $0.3464. Today’s rise came with about 9,925 shares changing hands, compared to an average of 30-day volume of 50,996 for THC Biomed International Ltd. Shares moved as high at $0.3551 and as low as $0.337 in today’s action.
The share appreciation gives the company a market capitalization of $34.04 million based upon 103.1 million shares outstanding.
In the past 52 weeks, shares of THC Biomed International Ltd have traded as low as $0.0672 and as high as $1.4548. Technical traders will take note that at $0.3544, shares of THCBF are trading below their 50-day moving average (MA) at $0.461 and below their 200-day MA at $0.586. 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 THCBF?
THC Biomed International Ltd operates as a licensed producer under Canada's Marihuana for Medical Purposes Regulations. It is also engaged in the research & development of the products and services to medical marihuana. The company is working from its headquarters in Kelowna, BC.
For more information on THCBF 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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