Rocky Mountain High Brands Inc (OTCQB:RMHB) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 19, gaining 36.3% to close the day at $0.092 after opening the trading day at $0.0698. Today’s rise came with about 21.14 million shares changing hands, compared to an average of 30-day volume of 3.59 million for Rocky Mountain High Brands Inc. Shares moved as high at $0.0932 and as low as $0.066 in today’s action.
The share appreciation gives the company a market capitalization of $15.69 million based upon 232.43 million shares outstanding.
In the past 52 weeks, shares of Rocky Mountain High Brands Inc have traded as low as $0.02 and as high as $0.08. Technical traders will take note that at $0.092, shares of RMHB are trading above their 50-day moving average (MA) at $0.041 and above their 200-day MA at $0.042. 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 RMHB?
Rocky Mountain High Brands Inc is developing and selling a lineup of five hemp-infused beverages through its distributor network and online. The Company is launching a hemp-infused Energy Bar, Protein Bar and Chia Crisp Bar. The company is led by its CEO from its headquarters in Dallas, TX.
For more information on RMHB 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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