One of the cannabis industry stocks that managed to emerge as a notable gainer yesterday was the North American Cannabis Holdings Inc (OTCMKTS:USMJ) stock. The stock was on the move yet again on Thursday and ended the day with gains of as much as 6%.
Trading Data
On Thursday, USMJ stock gained 5.61% to $0.0006 with more than 24.080million shares, compared to its average volume of 57.05 million shares. The stock moved within a range of $0.0005 – 0.0006 after opening trade at $0.0005.
Recent News
The gains made by the North American Cannabis Holdings stock yesterday took the gains over the course of the past week to 13%. The company announced yesterday that it had invited those distributors who are interested to the EVERx CBD Sports Nutrition Beverage booth. The booth in question is going to be available at the Arnold Sports Festival that is going to be held in Columbus, Ohio from March 4 to March 6, 2022.
It should be noted EVERx is a recent acquisition from North American Cannabis Holdings. It had been acquired from the company Puration Inc in 2021 and the transaction had been completed in lieu of an exchange agreement. The possibility of new distributors taking a look at some of the offerings from EVERx may have led to a wave optimism among investors on Thursday. It is now going to be interesting to see if the stock can add to its gains today.
Technical Data
USMJ stock is trading above the 20-Day and 50-Day Moving averages of $0.0005 and $0.0005 respectively. The stock is trading in oversold zone with the RSI at 55.
