Praetorian Property Inc (OTO:PRRE) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 2.73% to close the day at $1.13 after opening the trading day at $1.1008. Today’s rise came with about 15,365 shares changing hands, compared to an average of 30-day volume of 30,641 for Praetorian Property Inc. Shares moved as high at $1.17 and as low as $1.01 in today’s action.
The share appreciation gives the company a market capitalization of $171.6 million based upon 156.0 million shares outstanding.
In the past 52 weeks, shares of Praetorian Property Inc have traded as low as $0.0215 and as high as $2.15. Technical traders will take note that at $1.13, shares of PRRE are trading above their 50-day moving average (MA) at $0.964 and above their 200-day MA at $0.657. 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 PRRE?
Praetorian Property Inc, formerly Cannabis Rx Inc is engaged in the business of acquiring a portfolio of distressed properties in certain strategic areas at deep discounts, rehabilitating these properties and selling or leasing them. The company is working from its headquarters in Scottsdale, AZ.
For more information on PRRE 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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