Vapir Enterprises Inc (OTCQB:VAPI) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on May 18, gaining 25.0% to close the day at $0.03 after opening the trading day at $0.0258. Today’s rise came with about 163,721 shares changing hands, compared to an average of 30-day volume of 59,931 for Vapir Enterprises Inc. Shares moved as high at $0.03 and as low as $0.0245 in today’s action.
The share appreciation gives the company a market capitalization of $1.19 million based upon 49.77 million shares outstanding.
In the past 52 weeks, shares of Vapir Enterprises Inc have traded as low as $0.01 and as high as $0.25. Technical traders will take note that at $0.03, shares of VAPI are trading below their 50-day moving average (MA) at $0.039 and below their 200-day MA at $0.092. 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 VAPI?
Vapir Enterprises Inc is engaged in inventing, developing and producing aromatherapy devices and vaporizers. Its products include Vaporizers, Prima, VapirRise 2.0 Ultimate, VAPIR NO2 Portable Digital Vaporizer, VAPIR OXYGEN MINI CORDED and others. The company is working from its headquarters in Santa Clara, CA.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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