Acacia Diversified Hldgs (OTCQB:ACCA) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 6, gaining 17.5% to close the day at $1.645 after opening the trading day at $1.64. Today’s rise came with about 2,800 shares changing hands, compared to an average of 30-day volume of 971 for Acacia Diversified Hldgs. Shares moved as high at $1.65 and as low as $1.57 in today’s action.
The share appreciation gives the company a market capitalization of $24.41 million based upon 17.43 million shares outstanding.
In the past 52 weeks, shares of Acacia Diversified Hldgs have traded as low as $0.15 and as high as $2.5. Technical traders will take note that at $1.645, shares of ACCA are trading above their 50-day moving average (MA) at $1.546 and below their 200-day MA at $1.745. 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 ACCA?
Acacia Diversified Holdings Inc acquires and operates automotive auctions. It includes automobile, truck, equipment, boat, motor home, RV, motorsports, and other related vehicles. The company is working from its headquarters in Clearwater, FL.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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