Bang Holdings Corp (OTCQB:BXNG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 8, gaining 1.63% to close the day at $1.04 after opening the trading day at $1.034. Today’s rise came with about 700 shares changing hands, compared to an average of 30-day volume of 1,321 for Bang Holdings Corp. Shares moved as high at $1.04 and as low as $0.95 in today’s action.
The share appreciation gives the company a market capitalization of $23.94 million based upon 23.39 million shares outstanding.
In the past 52 weeks, shares of Bang Holdings Corp have traded as low as $0.761 and as high as $4.0. Technical traders will take note that at $1.04, shares of BXNG are trading below their 50-day moving average (MA) at $1.157 and below their 200-day MA at $1.582. 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 BXNG?
Bang Holdings Corp along with its subsidiaries is engaged in cannabusiness related advertising, content creation and technology and marketing and also marketer of vaporizer pens and e-liquid. The company is working from its headquarters in North Miami Beach, FL.
For more information on BXNG 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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