Acology Inc (OTO:ACOL) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 12.42% to close the day at $0.015177 after opening the trading day at $0.0141. Today’s rise came with about 2.86 million shares changing hands, compared to an average of 30-day volume of 4.33 million for Acology Inc . Shares moved as high at $0.0159 and as low as $0.0135 in today’s action.
The share appreciation gives the company a market capitalization of $69.72 million based upon 5.16 billion shares outstanding.
In the past 52 weeks, shares of Acology Inc have traded as low as $0.0004 and as high as $0.05. Technical traders will take note that at $0.0152, shares of ACOL are trading above their 50-day moving average (MA) at $0.013 and above their 200-day MA at $0.01. 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 ACOL?
Acology Inc through its subsidiary, is engaged in the business of designing, manufacturing, branding & selling proprietary plastic medical grade containers that can store pharmaceuticals, herbs, teas and other solids or liquids. The company is working from its headquarters in Corona, CA.
For more information on ACOL 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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