Nhale Inc (OTO:NHLE) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 19, gaining 4.56% to close the day at $0.05228 after opening the trading day at $0.05. Today’s rise came with about 4,050 shares changing hands, compared to an average of 30-day volume of 4,629 for Nhale Inc. Shares moved as high at $0.0523 and as low as $0.05 in today’s action.
The share appreciation gives the company a market capitalization of $1.5 million based upon 30.0 million shares outstanding.
In the past 52 weeks, shares of Nhale Inc have traded as low as $0.01 and as high as $0.22. Technical traders will take note that at $0.0523, shares of NHLE are trading above their 50-day moving average (MA) at $0.05 and above their 200-day MA at $0.045. 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 Nhale Inc?
Nhale Inc is engaged in production of herbal vaporizer pens and other legal products. Its product Nhale is an herbal vaporizer pen that includes everything needed for vaporizing dry leaf herbs, waxes, oils and e-liquids. The company is working from its headquarters in Colorado Springs, CO.
For more information on Nhale Inc 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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