Chuma Holdings Inc (OTO:CHUM) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 1.01% to close the day at $0.03 after opening the trading day at $0.0296. Today’s rise came with about 57,800 shares changing hands, compared to an average of 30-day volume of 8,670 for Chuma Holdings Inc. Shares moved as high at $0.0374 and as low as $0.0296 in today’s action.
The share appreciation gives the company a market capitalization of $1.96 million based upon 66.1 million shares outstanding.
In the past 52 weeks, shares of Chuma Holdings Inc have traded as low as $0.012 and as high as $0.0799. Technical traders will take note that at $0.03, shares of CHUM are trading above their 50-day moving average (MA) at $0.028 and below their 200-day MA at $0.032. 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 CHUM?
Chuma Holdings Inc provides turnkey financing and support solutions to the legal cannabis industry & loans to select industry participants. The services offered include compliance consulting, security services, bookkeeping & financial services. The company is working from its headquarters in Chatsworth, CA.
For more information on CHUM 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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