This morning the Item 9 Labs Corp (OTCMKTS:INLB) stock is expected to be in focus among investors considering the fact that on Thursday it had clocked gains of as much as 4%. The company is best known for its mainstream cannabis product brand named Item 9 Labs.
Trading Data
On Thursday, INLB stock gained 3.57% to $1.16 with more than 8.8K shares, compared to its average volume of 14.78K shares. The stock moved within a range of $1.1000 – 1.9800 after opening trade at $1.10.
Item 9 Labs’ Best-Selling Live Resin Pod System Set to Accelerate and Redefine Cannabis Experience
Yesterday the company announced that the brand had managed to close out a banner first year for Orion 710 Live Resin Pod and Battery System, its proprietary vape technology, ended the year on an optimistic note. The product had been introduced by Item 9 Labs Corp in February last year and had then managed to find a place in the market straightaway.
The product managed to emerge as a popular one among both dispensaries and consumers. The announcement of such a nature about a fairly new launch can often come as a source of significant optimism for investors and hence, it was perhaps no surprise that the stock managed to end the day with notable gains.
At this point in time, it may be a good idea for investors to keep an eye on the stock and also follow the news with regards to 9 Item Labs Corp.
Key Quote
“The Orion 710 is designed to meet the needs of the modern-day consumer and offer them a powerful, yet enhanced experience, similar to your favorite flower in aroma, taste, and effects,” said Item 9 Lab’s Director of Education, Veronica Paz Booth. “Our team believes this product will pave the way for the future of the cannabis industry.”
Technical Data
INLB stock is trading below the 10-Day and 20-Day Moving averages of $1.19 and $1.17 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.92.
