Signal Bay Inc (OTCQB:SGBY) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 16, gaining 7.5% to close the day at $0.01505 after opening the trading day at $0.014. Today’s rise came with about 2.83 million shares changing hands, compared to an average of 30-day volume of 3.37 million for Signal Bay Inc. Shares moved as high at $0.0159 and as low as $0.013 in today’s action.
The share appreciation gives the company a market capitalization of $13.76 million based upon 982.86 million shares outstanding.
In the past 52 weeks, shares of Signal Bay Inc have traded as low as $0.0004 and as high as $0.0545. Technical traders will take note that at $0.015, shares of SGBY are trading below their 50-day moving average (MA) at $0.019 and below their 200-day MA at $0.021. 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 SGBY?
Signal Bay Inc and its subsidiaries provides advisory, management and analytical testing services to the emerging legalized cannabis industry. The company is working from its headquarters in Bend, OR.
For more information on SGBY 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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