OWC Pharmaceutical Research Corp (OTCQB:OWCP) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 17.33% to close the day at $0.6336 after opening the trading day at $0.54. Today’s rise came with about 935,450 shares changing hands, compared to an average of 30-day volume of 811,349 for OWC Pharmaceutical Research Corp. Shares moved as high at $0.65 and as low as $0.53 in today’s action.
The share appreciation gives the company a market capitalization of $78.2 million based upon 144.82 million shares outstanding.
In the past 52 weeks, shares of OWC Pharmaceutical Research Corp have traded as low as $0.003 and as high as $3.23. Technical traders will take note that at $0.6336, shares of OWCP are trading below their 50-day moving average (MA) at $0.772 and above their 200-day MA at $0.552. 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 OWCP?
OWC Pharmaceutical Research Corp is a medical cannabis research and development company. It is engaged in the research and development of cannabis-based medical products for the treatment of multiple myeloma, psoriasis and fibromyalgia. The company is working from its headquarters in Petach Tikva, .
For more information on OWCP 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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