CannLabs Inc (OTO:CANL) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 12, gaining 2.97% to close the day at $0.175042 after opening the trading day at $0.22. Today’s rise came with about 4,567 shares changing hands, compared to an average of 30-day volume of 19,049 for CannLabs Inc. Shares moved as high at $0.22 and as low as $0.1611 in today’s action.
The share appreciation gives the company a market capitalization of $10.65 million based upon 62.63 million shares outstanding.
In the past 52 weeks, shares of CannLabs Inc have traded as low as $0.08 and as high as $1.0. Technical traders will take note that at $0.175, shares of CANL are trading below their 50-day moving average (MA) at $0.226 and below their 200-day MA at $0.338. 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 CANL?
CannLabs Inc is a solutions provider with intellectual property, proprietary cloud-based analytics & scientific methods for the cannabis industry. It also provides client education around safe cultivation, identifying contamination problems, among others. The company is working from its headquarters in Denver, CO.
For more information on CANL 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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