Blue Line Protection Group Inc (OTO:BLPG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 1.37% to close the day at $0.0185 after opening the trading day at $0.0187. Today’s rise came with about 288,745 shares changing hands, compared to an average of 30-day volume of 165,189 for Blue Line Protection Group Inc. Shares moved as high at $0.019 and as low as $0.0175 in today’s action.
The share appreciation gives the company a market capitalization of $2.32 million based upon 127.35 million shares outstanding.
In the past 52 weeks, shares of Blue Line Protection Group Inc have traded as low as $0.015 and as high as $0.089. Technical traders will take note that at $0.0185, shares of BLPG are trading below their 50-day moving average (MA) at $0.029 and below their 200-day MA at $0.033. 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 BLPG?
Blue Line Protection Group Inc is engaged in providing armed protection, asset management, logistics, and compliance services for businesses engaged in the legal cannabis industry. The company is working from its headquarters in Lakewood, CO.
For more information on BLPG 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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