GrowGeneration Corp (OTCQB:GRWG) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 6.32% to close the day at $2.02 after opening the trading day at $1.9. Today’s rise came with about 16,996 shares changing hands, compared to an average of 30-day volume of 15,786 for GrowGeneration Corp. Shares moved as high at $2.02 and as low as $1.85 in today’s action.
The share appreciation gives the company a market capitalization of $25.62 million based upon 13.49 million shares outstanding.
In the past 52 weeks, shares of GrowGeneration Corp have traded as low as $1.5 and as high as $3.43. Technical traders will take note that at $2.02, shares of GRWG are trading below their 50-day moving average (MA) at $2.023 and below their 200-day MA at $2.179. 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 GRWG?
GrowGeneration Corp operates hydroponic and organic specialty gardening retail outlets in the United States. It sells products including organic nutrients and soil, advanced lighting technology, hydroponic and aquaponics equipment and other products. The company is working from its headquarters in Denver, CO.
For more information on GRWG 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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