Lexaria Bioscience Corp. (OTCQB:LXRP) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on May 18, gaining 5.08% to close the day at $0.31 after opening the trading day at $0.2901. Today’s rise came with about 72,133 shares changing hands, compared to an average of 30-day volume of 218,456 for Lexaria Bioscience Corp.. Shares moved as high at $0.31 and as low as $0.2901 in today’s action.
The share appreciation gives the company a market capitalization of $18.0 million based upon 61.01 million shares outstanding.
In the past 52 weeks, shares of Lexaria Bioscience Corp. have traded as low as $0.08035 and as high as $0.699. Technical traders will take note that at $0.31, shares of LXRP are trading below their 50-day moving average (MA) at $0.391 and below their 200-day MA at $0.31. 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 LXRP?
Lexaria Bioscience Corp is a food sciences company. It has two distinct consumer product brands: ViPova and Lexaria Energy. It uses patent pending technology to infuse hemp oil ingredients within lipids in popular foods. The company is working from its headquarters in Kelowna, BC.
For more information on LXRP 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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