South American Gold Corp. (OTO:SAGD) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 15, gaining 8.33% to close the day at $0.052 after opening the trading day at $0.049. Today’s rise came with about 19,894 shares changing hands, compared to an average of 30-day volume of 36,068 for South American Gold Corp.. Shares moved as high at $0.052 and as low as $0.049 in today’s action.
The share appreciation gives the company a market capitalization of $5.18 million based upon 107.85 million shares outstanding.
In the past 52 weeks, shares of South American Gold Corp. have traded as low as $0.00638 and as high as $0.21. Technical traders will take note that at $0.052, shares of SAGD are trading below their 50-day moving average (MA) at $0.053 and above their 200-day MA at $0.051. 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 S.American Gold?
South American Gold Corp is engaged in the acquisition, exploration and potential development of mining properties. The company is working from its headquarters in Richmond, IN.
For more information on S.American Gold 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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