Zoned Properties Inc (OTCQX:ZDPY) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on May 18, gaining 1.6% to close the day at $1.27 after opening the trading day at $1.259. Today’s rise came with about 9,585 shares changing hands, compared to an average of 30-day volume of 14,354 for Zoned Properties Inc. Shares moved as high at $1.27 and as low as $1.1806 in today’s action.
The share appreciation gives the company a market capitalization of $21.64 million based upon 17.31 million shares outstanding.
In the past 52 weeks, shares of Zoned Properties Inc have traded as low as $0.87 and as high as $3.9. Technical traders will take note that at $1.27, shares of ZDPY are trading below their 50-day moving average (MA) at $1.36 and below their 200-day MA at $1.846. 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 ZDPY?
Zoned Properties Inc is a real estate development company. It is engaged in identifying, developing and leasing properties in emerging industries including the licensed marijuana industry. The company is working from its headquarters in Scottsdale, AZ.
For more information on ZDPY 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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