Cannabis Stock Leader Cannabis Science Inc Oto Cbis Advances 558% for January 13

Cannabis Science Inc (OTO:CBIS) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on January 13, gaining 5.58% to close the day at $0.07 after opening the trading day at $0.0659. Today’s rise came with about 49.55 million shares changing hands, compared to an average of 30-day volume of 31.88 million for Cannabis Science Inc. Shares moved as high at $0.071 and as low as $0.0656 in today’s action.

The share appreciation gives the company a market capitalization of $153.31 million based upon 2.31 billion shares outstanding.

In the past 52 weeks, shares of Cannabis Science Inc have traded as low as $0.0101 and as high as $0.077. Technical traders will take note that at $0.07, shares of CBIS are trading above their 50-day moving average (MA) at $0.049 and above their 200-day MA at $0.026. 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 engaged in the creation of cannabis-based medicines, both with and without psychoactive properties, to treat disease and the symptoms of disease, as well as for general health maintenance. The company is led by its CEO Robert Melamede from its headquarters in Colorado Springs, CO.

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 today.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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Source: Pot Network