Canopy Growth Corporation (TSX:WEED:CA) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 4.13% to close the day at $7.82 after opening the trading day at $7.5. Today’s rise came with about 923,423 shares changing hands, compared to an average of 30-day volume of 1.53 million for Canopy Growth Corporation. Shares moved as high at $7.86 and as low as $7.47 in today’s action.
The share appreciation gives the company a market capitalization of $1.24 billion based upon 165.22 million shares outstanding.
In the past 52 weeks, shares of Canopy Growth Corporation have traded as low as $2.6 and as high as $17.86. Technical traders will take note that at $7.82, shares of WEED:CA are trading below their 50-day moving average (MA) at $8.651 and below their 200-day MA at $8.794. 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 Capital Gold Cor?
Canopy Growth Corp is a multi-brand holding company. Through its subsidiaries Tweed Inc, Tweed Farms Inc, and Bedrocan Canada Inc, the Company is engaged in growing and distributing marijuana products to patients across Canada. The company is working from its headquarters in Smiths Falls, ON.
For more information on Capital Gold Cor 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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