Cannabis Stock Leader South American Gold Corp Oto Sagd Surges 87% In Early Trading on January 19

South American Gold Corp. (OTO:SAGD) came out strong at the opening of trading on January 19, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 8.7%. After closing the previous session at $0.115, shares of SAGD opened this morning at $0.1175 and are currently trading at $0.125. So far, about 5,100 shares have changed hands, compared to an average 30-day volume of 378,389 for South American Gold Corp.. Shares moved as high at $0.125 and as low as $0.115 in today’s early action.

The share appreciation gives the company a market capitalization of $23,183 based upon 201,598 shares outstanding.

In the past 52 weeks, shares of South American Gold Corp. have traded as low as $0.006 and as high as $0.21. Technical traders will take note that at $0.125, shares of SAGD are trading above their 50-day moving average (MA) at $0.033 and above their 200-day MA at above $0.052. 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 $S.American Gold?

South American Gold Corp is engaged in the acquisition, exploration, and potential development of mining properties. The company is led by its CEO from its headquarters in Richmond, IN.

For more information on S.American Gold 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