Global Hemp Group Inc (OTO:GBHPF) has a strong morning trading session on March 8, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 39.5%. After closing the previous session at $0.02, shares of $GBHPF opened this morning at $0.0243 and are trading at $0.0279 at the lunch break. So far, about 17,022 shares have changed hands, compared to an average of 30-day volume of 327,765 for Global Hemp Group Inc. Shares moved as high at ${round high 4} and as low as $0.0243 in AM trading action.
The share appreciation gives the company a market capitalization of $2.93 million based upon 146.64 million shares outstanding.
In the past 52 weeks, shares of Global Hemp Group Inc have traded as low as $0.0042 and as high as $0.0592. Technical traders will take note that at $0.0279, shares of GBHPF are trading above their 50-day moving average (MA) at $0.027 and above their 200-day MA at $0.018. 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 GBHPF?
Global Hemp Group Inc is engaged agriculture and manufacturing in the industrial hemp sector. The company is focused in acquiring and/or joint venturing with companies across all sectors of the hemp and cannabis industries. The company is working from its headquarters in North Vancouver, BC.
For more information on GBHPF 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 12:00PM ET.
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