Over the course of the past week, there has been a lot of attention on the Right on Brands Inc (OTCMKTS:RTON) stock and that can be seen in the price action in the stock. During the period the stock has moved strongly and managed to deliver gains of as much as 13%.
Trading Data
On Wednesday, RTON stock ended flat at $0.0009 with more than 79.41 million shares, compared to its average volume of 34.82 million shares. The stock moved within a range of $0.0007 – 0.0010 after opening trade at $0.0009.
Right on Brands, Inc. Reports Record 3rd Quarter and New Store in Laredo, Texas
Considering the magnitude of the gains made by the stock, it may be a good time for investors to consider looking into the announcement made by the hemp based products company yesterday. The company made an announcement with regards to another record quarter for the period that had ended on December 31, 2021.
Jerry Grisaffi, who is the Chief Executive Officer of the company, spoke about the matter as well. He stated that it was the second straight record quarter for Right on Brands and that was an indication of the fact that the company was on the right path.
In addition to that, Right on Brands also announced that the Endo Wellness and Dispensary outlet in Laredo in Texas has also opened. It may be a good idea for investors to now consider adding the stock to their watch lists and watch for further developments.
Technical Data
RTON stock is trading above the 20-Day and 50-Day Moving averages of $0.0008 and $0.0008 respectively. However, the stock is below 200-Day moving average of $0.0018.
