Cannabis Stock Leader Ua Multimedia Inc Advances 200 for June

UA Multimedia Inc (OTO:UAMM) outpaced most other peers in the directory of the approximately 200 stocks we track in the cannabis industry on June 29, gaining 20.0% to close the day at $0.006 after opening the trading day at $0.0063. Today’s rise came with about 26,635 shares changing hands, compared to an average of 30-day volume of 750,243 for UA Multimedia Inc. Shares moved as high at $0.0063 and as low as $0.006 in today’s action.

The share appreciation gives the company a market capitalization of $2.02 million based upon 404.39 million shares outstanding.

In the past 52 weeks, shares of UA Multimedia Inc have traded as low as $0.0002 and as high as $0.0239. Technical traders will take note that at $0.006, shares of UAMM are trading below their 50-day moving average (MA) at $0.01 and below their 200-day MA at $0.006. 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 UA Multimedia?

UA Multimedia Inc is a technology company that provides website and mobile app solutions using modern web technology and social media. The company is working from its headquarters in Irvine, CA.

For more information on UA Multimedia 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