United Cannabis Corp (OTCQB:CNAB) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 13, gaining 2.01% to close the day at $0.98 after opening the trading day at $0.96. Today’s rise came with about 79,990 shares changing hands, compared to an average of 30-day volume of 239,306 for United Cannabis Corp. Shares moved as high at $1.05 and as low as $0.945 in today’s action.
The share appreciation gives the company a market capitalization of $49.32 million based upon 51.33 million shares outstanding.
In the past 52 weeks, shares of United Cannabis Corp have traded as low as $0.001 and as high as $3.35. Technical traders will take note that at $0.98, shares of CNAB are trading below their 50-day moving average (MA) at $1.08 and below their 200-day MA at $1.189. 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 United Cannabis?
United Cannabis Corp provides consulting services, proprietary products and licenses its intellectual property to businesses in the cannabis industry. Its products include Prana Bio Nutrient Medicinal and Prana Aromatherapy Transdermal Roll-on line. The company is working from its headquarters in Denver, CO.
For more information on United Cannabis 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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