Heliospectra AB ADR (Sponsored) (OTCQB:HLSPY) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 18.6% to close the day at $0.51 after opening the trading day at $0.51. Today’s rise came with about 300 shares changing hands, compared to an average of 30-day volume of 7,015 for Heliospectra AB ADR (Sponsored). Shares moved as high at $0.51 and as low as $0.51 in today’s action.
The share appreciation gives the company a market capitalization of $15.1 million based upon 35.11 million shares outstanding.
In the past 52 weeks, shares of Heliospectra AB ADR (Sponsored) have traded as low as $0.3809 and as high as $2.6. Technical traders will take note that at $0.51, shares of HLSPY are trading below their 50-day moving average (MA) at $0.565 and below their 200-day MA at $0.928. 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 HLSPY?
Heliospectra AB provides lighting technology for plant research and greenhouse cultivation. The company is working from its headquarters in Gothenburg, .
For more information on HLSPY 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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