Kush Bottles Inc (OTCQB:KSHB) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 5, gaining 2.3% to close the day at $2.22 after opening the trading day at $2.2. Today’s rise came with about 28,201 shares changing hands, compared to an average of 30-day volume of 76,793 for Kush Bottles Inc. Shares moved as high at $2.25 and as low as $2.19 in today’s action.
The share appreciation gives the company a market capitalization of $108.91 million based upon 50.19 million shares outstanding.
In the past 52 weeks, shares of Kush Bottles Inc have traded as low as $1.05 and as high as $5.0. Technical traders will take note that at $2.22, shares of KSHB are trading below their 50-day moving average (MA) at $2.398 and below their 200-day MA at $2.645. 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 KSHB?
Kush Bottles Inc is a wholesale distributor of packaging supplies and customized branding solutions for the cannabis industry. The company markets and sells bottles, bags, tubes, and containers. The company is working from its headquarters in Santa Ana, CA.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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