Cannabis Stock Leader Novus Acquisition and Development

Novus Acquisition and Development, Corp. (OTO:NDEV) came out strong at the opening of trading on December 13, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 8.5%. After closing the previous session at $0.43, shares of NDEV opened this morning at $0.435 and are currently trading at $0.4666. So far, about 112,885 shares have changed hands, compared to an average 30-day volume of 599,772 for Novus Acquisition and Development, Corp.. Shares moved as high at $0.47 and as low as $0.4301 in today’s early action.

The share appreciation gives the company a market capitalization of $73.54 million based upon 171.01 million shares outstanding.

In the past 52 weeks, shares of Novus Acquisition and Development, Corp. have traded as low as $0.006 and as high as $0.55. Technical traders will take note that at $0.4666, shares of NDEV are trading above their 50-day moving average (MA) at $0.254 and above their 200-day MA at above $0.085. 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 $Novus Acqstn?

Novus Acquisition & Development Corp is a holding company. The Company through its holdings offers health, life, and annuity insurance products and services. The company is led by its CEO from its headquarters in Miami, FL.

For more information on Novus Acqstn 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 9:30AM ET.

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Source: Pot Network