Mediatechnics Corp (OTO:MEDT) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 5, gaining 28.57% to close the day at $0.0009 after opening the trading day at $0.0007. Today’s rise came with about 10.88 million shares changing hands, compared to an average of 30-day volume of 12.33 million for Mediatechnics Corp. Shares moved as high at $0.0009 and as low as $0.0006 in today’s action.
The share appreciation gives the company a market capitalization of $766,292 based upon 1.09 billion shares outstanding.
In the past 52 weeks, shares of Mediatechnics Corp have traded as low as $0.00029 and as high as $0.0019. Technical traders will take note that at $0.0009, shares of MEDT are trading below their 50-day moving average (MA) at $0.001 and below their 200-day MA at $0.001. 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 MEDT?
MediaTechnics Corp is engaged in providing ancillary products and services to the medical and recreational Cannabis industries, by developing the BlazeNow website and mobile applications. The company is working from its headquarters in Las Vegas, NV.
For more information on MEDT 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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