Players Network Inc (OTCQB:PNTV) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on May 18, gaining 3.82% to close the day at $0.053 after opening the trading day at $0.0512. Today’s rise came with about 513,325 shares changing hands, compared to an average of 30-day volume of 2.56 million for Players Network Inc. Shares moved as high at $0.0549 and as low as $0.051 in today’s action.
The share appreciation gives the company a market capitalization of $27.95 million based upon 547.39 million shares outstanding.
In the past 52 weeks, shares of Players Network Inc have traded as low as $0.0023 and as high as $0.0738. Technical traders will take note that at $0.053, shares of PNTV are trading above their 50-day moving average (MA) at $0.042 and above their 200-day MA at $0.022. 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 Players Network?
Players Network is a media and entertainment company engaged in the development of digital networks. The Company operates a Video On Demand television channel. It also cultivates and processes medical marijuana in North Las Vegas. The company is working from its headquarters in Las Vegas, NV.
For more information on Players Network 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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