Cannabis Stock Leader Supreme Pharmaceuticals

Supreme Pharmaceuticals Inc (OTO:SPRWF) came out strong at the opening of trading on November 18, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 7.17%. After closing the previous session at $1.2784, shares of SPRWF opened this morning at $1.34 and are currently trading at $1.37. So far, about 26,826 shares have changed hands, compared to an average 30-day volume of 228,999 for Supreme Pharmaceuticals Inc. Shares moved as high at $2.5 and as low as $1.3062 in today’s early action.

The share appreciation gives the company a market capitalization of $197.82 million based upon 154.74 million shares outstanding.

In the past 52 weeks, shares of Supreme Pharmaceuticals Inc have traded as low as $0.134 and as high as $1.54. Technical traders will take note that at $1.37, shares of SPRWF are trading above their 50-day moving average (MA) at $0.917 and above their 200-day MA at above $0.466. 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 $SPRWF?

Supreme Pharmaceuticals Inc is engaged in production and sale of medical marijuana. The company is led by its CEO David Alexander Stadnyk from its headquarters in Vancouver, BC.

For more information on SPRWF 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