OWC Pharmaceutical Research Corp (OTCQB:OWCP) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 12, gaining 3.79% to close the day at $0.602 after opening the trading day at $0.62. Today’s rise came with about 686,226 shares changing hands, compared to an average of 30-day volume of 870,044 for OWC Pharmaceutical Research Corp. Shares moved as high at $0.66 and as low as $0.6 in today’s action.
The share appreciation gives the company a market capitalization of $84.0 million based upon 144.82 million shares outstanding.
In the past 52 weeks, shares of OWC Pharmaceutical Research Corp have traded as low as $0.003 and as high as $3.23. Technical traders will take note that at $0.602, shares of OWCP are trading below their 50-day moving average (MA) at $0.81 and above their 200-day MA at $0.541. 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 OWCP?
OWC Pharmaceutical Research Corp is a medical cannabis research and development company. It is engaged in the research and development of cannabis-based medical products for the treatment of multiple myeloma, psoriasis and fibromyalgia. The company is working from its headquarters in Petach Tikva, .
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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