Cronos Group Inc. (GREY:PRMCF) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 1.03% to close the day at $1.29 after opening the trading day at $1.2944. Today’s rise came with about 10,550 shares changing hands, compared to an average of 30-day volume of 51,194 for Cronos Group Inc.. Shares moved as high at $1.31 and as low as $1.273 in today’s action.
The share appreciation gives the company a market capitalization of $170.33 million based upon 133.39 million shares outstanding.
In the past 52 weeks, shares of Cronos Group Inc. have traded as low as $0.165 and as high as $2.659. Technical traders will take note that at $1.29, shares of PRMCF are trading below their 50-day moving average (MA) at $1.83 and below their 200-day MA at $1.408. 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 PRMCF?
Cronos Group Inc is a diversified and vertically integrated cannabis company. It produces and sells legal marijuana in the Canadian medical market. The company is working from its headquarters in Toronto, ON.
For more information on PRMCF 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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