Zynerba Pharmaceuticals Inc. (NSD:ZYNE) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on May 18, gaining 2.74% to close the day at $18.77 after opening the trading day at $18.08. Today’s rise came with about 287,747 shares changing hands, compared to an average of 30-day volume of 471,629 for Zynerba Pharmaceuticals Inc.. Shares moved as high at $18.86 and as low as $18.0 in today’s action.
The share appreciation gives the company a market capitalization of $242.07 million based upon 13.25 million shares outstanding.
In the past 52 weeks, shares of Zynerba Pharmaceuticals Inc. have traded as low as $6.31 and as high as $25.95. Technical traders will take note that at $18.77, shares of ZYNE are trading below their 50-day moving average (MA) at $20.941 and above their 200-day MA at $16.058. 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 ZYNE?
Zynerba Pharmaceuticals Inc is a specialty pharmaceutical company dedicated to developing and commercializing transdermal synthetic cannabinoid treatments for patients with high unmet needs. The company is working from its headquarters in Devon, PA.
For more information on ZYNE 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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