American Cannabis Co Inc (OTCQB:AMMJ) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 15, gaining 9.75% to close the day at $0.435 after opening the trading day at $0.42. Today’s rise came with about 288,584 shares changing hands, compared to an average of 30-day volume of 175,522 for American Cannabis Co Inc. Shares moved as high at $0.46 and as low as $0.396 in today’s action.
The share appreciation gives the company a market capitalization of $20.39 million based upon 51.43 million shares outstanding.
In the past 52 weeks, shares of American Cannabis Co Inc have traded as low as $0.085 and as high as $2.1. Technical traders will take note that at $0.435, shares of AMMJ are trading below their 50-day moving average (MA) at $0.552 and below their 200-day MA at $0.676. 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 AMMJ?
American Cannabis Co Inc provides end-to-end consulting and product solutions for the medical, adult use and low-THC regulated cannabis markets both nationally and internationally. The company is working from its headquarters in Denver, CO.
For more information on AMMJ 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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