Laguna Blends Inc (OTO:LAGBF) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 8, gaining 4.0% to close the day at $0.104 after opening the trading day at $0.1017. Today’s rise came with about 11,700 shares changing hands, compared to an average of 30-day volume of 43,552 for Laguna Blends Inc. Shares moved as high at $0.104 and as low as $0.1015 in today’s action.
The share appreciation gives the company a market capitalization of $9.52 million based upon 95.19 million shares outstanding.
In the past 52 weeks, shares of Laguna Blends Inc have traded as low as $0.0513 and as high as $0.34255. Technical traders will take note that at $0.104, shares of LAGBF are trading below their 50-day moving average (MA) at $0.104 and below their 200-day MA at $0.16. 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 LAGBF?
Laguna Blends Inc is engaged in sale of nutritional health products derived from hemp. It offers hemp protein, Pro369, and protein coffee. The company is working from its headquarters in Kelowna, BC.
For more information on LAGBF 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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