CLS Holdings USA Inc (OTCQB:CLSH) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 21.7% to close the day at $0.15 after opening the trading day at $0.0961. Today’s rise came with about 15,704 shares changing hands, compared to an average of 30-day volume of 15,383 for CLS Holdings USA Inc. Shares moved as high at $0.15 and as low as $0.0961 in today’s action.
The share appreciation gives the company a market capitalization of $2.72 million based upon 22.04 million shares outstanding.
In the past 52 weeks, shares of CLS Holdings USA Inc have traded as low as $0.0247 and as high as $1.83. Technical traders will take note that at $0.15, shares of CLSH are trading above their 50-day moving average (MA) at $0.123 and below their 200-day MA at $0.396. 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 CLSH?
CLS Holdings USA Inc is a diversified cannabis company, specializing in the extraction and conversion of cannabinoids. It maintains a proprietary method of extracting various cannabinoids from the marijuana plant and converting them. The company is working from its headquarters in Boulder, CO.
For more information on CLSH 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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