Peak Pharmaceuticals Inc (OTO:PKPH) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 3.65% to close the day at $0.0312 after opening the trading day at $0.0389. Today’s rise came with about 18,200 shares changing hands, compared to an average of 30-day volume of 30,496 for Peak Pharmaceuticals Inc. Shares moved as high at $0.0389 and as low as $0.0304 in today’s action.
The share appreciation gives the company a market capitalization of $2.36 million based upon 78.36 million shares outstanding.
In the past 52 weeks, shares of Peak Pharmaceuticals Inc have traded as low as $0.0172 and as high as $0.14. Technical traders will take note that at $0.0312, shares of PKPH are trading below their 50-day moving average (MA) at $0.047 and below their 200-day MA at $0.051. 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 PKPH?
Peak Pharmaceuticals Inc is engaged in the development, manufacturing, and sale of pharmaceutical-grade, hemp-based nutraceutical and supplement products for the human and animal health markets. The company is working from its headquarters in Aurora, CO.
For more information on PKPH 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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