Just because a stock may be trading in a range, it might not mean that it ought to be ignored and hence, it may be a good move for investors to take a look at the North American Cannabis Holdings Inc (OTCMKTS:USMJ) stock.
Trading Data
On Thursday, USMJ stock ended flat at $0.0005 with more than 22.94 million shares traded, compared to its average volume of 55.96 million shares. The stock moved within a range of $0.0005 – 0.0006 after opening trading at $0.0005.
USMJ Announces Success Of EVERx CBD Sports Nutrition Beverage Reboot At Arnold
Yesterday, the stock may have been trading in a range but it did make a major announcement that investors could look into. The company announced that the reboot of EVERx CBD Sports Nutrition Beverage had proven to be successful. The announcement was made by North American Cannabis Holdings at the Arnold Sports Festival that had taken place last weekend.
It goes without saying that it was a positive development but it did not lead to much traction for the stock. That being said, it could prove to be a long term positive and hence, the announcement was an important one.
North American Cannabis Holdings’ Chief Executive Officer Steve Rash noted that both the formula and the packaging of the product had proven to be a ‘hit’. He went on to state that after the announcement at the event he expected the product to go back on the shelves at retail outlets soon.
Technical Data
USMJ stock is trading above the 20-Day and 50-Day Moving averages of $0.0005 and $0.0005 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0007.
