Peak Pharmaceuticals Inc (OTO:PKPH) came out strong at the opening of trading on March 22, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 5.85%. After closing the previous session at $0.065, shares of PKPH opened this morning at $0.0629 and are currently trading at $0.0688. So far, about 1,750 shares have changed hands, compared to an average 30-day volume of 117,678 for Peak Pharmaceuticals Inc. Shares moved as high at $0.0688 and as low as $0.0629 in today’s early action.
The share appreciation gives the company a market capitalization of $5.09 million based upon 78.36 million shares outstanding.
In the past 52 weeks, shares of Peak Pharmaceuticals Inc have traded as low as $0.011 and as high as $0.14. Technical traders will take note that at $0.0688, shares of PKPH are trading below their 50-day moving average (MA) at $0.076 and above their 200-day MA at above $0.043. 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 $PKPH?
Peak Pharmaceuticals Inc is engaged in the development, manufacturing, and sale of pharmaceutical-grade, hemp-based nutraceutical and supplement products for the human and animal health markets. The company is working from its headquarters in Aurora, CO.
For more information on PKPH 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 9:30AM ET.
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Source: Pot Network