Laguna Blends Inc (OTO:LAGBF) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 19, gaining 7.64% to close the day at $0.169 after opening the trading day at $0.1659. Today’s rise came with about 200,449 shares changing hands, compared to an average of 30-day volume of 45,467 for Laguna Blends Inc. Shares moved as high at $0.2329 and as low as $0.1659 in today’s action.
The share appreciation gives the company a market capitalization of $9.03 million based upon 57.51 million shares outstanding.
In the past 52 weeks, shares of Laguna Blends Inc have traded as low as $0.0513 and as high as $0.34255. Technical traders will take note that at $0.169, shares of LAGBF are trading above their 50-day moving average (MA) at $0.104 and above their 200-day MA at $0.158. 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 Laguna Blends?
Isodiol International is engaged in sale of nutritional health products derived from hemp. It offers hemp protein, Pro369, and protein coffee The company is working from its headquarters in Kelowna, BC.
For more information on Laguna Blends 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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