Aphria Inc. (TSX:APH:CA) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 9, gaining 5.24% to close the day at $5.22 after opening the trading day at $5.05. Today’s rise came with about 1.73 million shares changing hands, compared to an average of 30-day volume of 1.45 million for Aphria Inc.. Shares moved as high at $5.31 and as low as $4.98 in today’s action.
The share appreciation gives the company a market capitalization of $686.79 million based upon 138.47 million shares outstanding.
In the past 52 weeks, shares of Aphria Inc. have traded as low as $1.41 and as high as $8.77. Technical traders will take note that at $5.22, shares of APH:CA are trading below their 50-day moving average (MA) at $6.261 and above their 200-day MA at $5.178. 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 Aphria Inc?
Aphria Inc is engaged in the business of producing and selling medical marijuana. The company is working from its headquarters in Leamington, ON.
For more information on Aphria Inc 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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