Medicine Man Technologies Inc. (OTCQB:MDCL) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 14, gaining 6.76% to close the day at $1.58 after opening the trading day at $1.5. Today’s rise came with about 18,869 shares changing hands, compared to an average of 30-day volume of 30,116 for Medicine Man Technologies Inc.. Shares moved as high at $1.59 and as low as $1.45 in today’s action.
The share appreciation gives the company a market capitalization of $15.61 million based upon 10.55 million shares outstanding.
In the past 52 weeks, shares of Medicine Man Technologies Inc. have traded as low as $1.26 and as high as $5.0. Technical traders will take note that at $1.58, shares of MDCL are trading below their 50-day moving average (MA) at $1.675 and below their 200-day MA at $2.243. 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 Medicine Man Te?
Medicine Man Technologies Inc is a cannabis consulting company. The Company provides consulting services for cannabis growing technologies and methodologies, as well as retail operations of cannabis products. The company is working from its headquarters in Denver, CO.
For more information on Medicine Man Te 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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