Two Rivers Water & Farming Company (OTCQB:TURV) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on May 18, gaining 1.2% to close the day at $0.38 after opening the trading day at $0.3521. Today’s rise came with about 10,919 shares changing hands, compared to an average of 30-day volume of 86,332 for Two Rivers Water & Farming Company. Shares moved as high at $0.39 and as low as $0.3521 in today’s action.
The share appreciation gives the company a market capitalization of $11.81 million based upon 31.46 million shares outstanding.
In the past 52 weeks, shares of Two Rivers Water & Farming Company have traded as low as $0.12 and as high as $1.19. Technical traders will take note that at $0.38, shares of TURV are trading below their 50-day moving average (MA) at $0.488 and below their 200-day MA at $0.51. 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 Two Rivers?
Two Rivers Water & Farming Co is engaged in leasing of greenhouses to cannabis growers. It is also engaged in management of water, through owing a portfolio of water rights in the Arkansas River Basin. The company is working from its headquarters in Denver, CO.
For more information on Two Rivers 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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