Generex Biotechnology (OTO:GNBT) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 3.23% to close the day at $3.2 after opening the trading day at $3.1. Today’s rise came with about 774 shares changing hands, compared to an average of 30-day volume of 1,637 for Generex Biotechnology. Shares moved as high at $3.2 and as low as $3.1 in today’s action.
The share appreciation gives the company a market capitalization of $4.22 million based upon 1.36 million shares outstanding.
In the past 52 weeks, shares of Generex Biotechnology have traded as low as $2.0 and as high as $20.0. Technical traders will take note that at $3.2, shares of GNBT are trading below their 50-day moving average (MA) at $4.012 and below their 200-day MA at $6.044. 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 GNBT?
Generex Biotechnology Corp is engaged in the research and development of drug delivery systems and technologies. The company is working from its headquarters in Burlington, ON.
For more information on GNBT 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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