Cannabis Science Inc (OTO:CBIS) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 19, gaining 1.39% to close the day at $0.0512 after opening the trading day at $0.052. Today’s rise came with about 12.5 million shares changing hands, compared to an average of 30-day volume of 9.7 million for Cannabis Science Inc. Shares moved as high at $0.053 and as low as $0.0495 in today’s action.
The share appreciation gives the company a market capitalization of $120.71 million based upon 2.39 billion shares outstanding.
In the past 52 weeks, shares of Cannabis Science Inc have traded as low as $0.012 and as high as $0.1395. Technical traders will take note that at $0.0512, shares of CBIS are trading below their 50-day moving average (MA) at $0.066 and below their 200-day MA at $0.062. 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 CBIS?
Cannabis Science Inc is a medical marijuana research & development company. It is engaged in creating cannabis-based medicines, both with & without psychoactive properties, to treat disease & symptoms of disease, as well as for general health maintenance. The company is working from its headquarters in Irvine, CA.
For more information on CBIS 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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