Investors in the company Hemp Inc (OTCMKTS:HEMP) had a good time in the markets yesterday as the company’s stock went on a strong rally and ended the day with gains of as much as 23%.
Trading Data
On Thursday, HEMP stock soared 23.08% to $0.0016 with more than 280.98 million shares, compared to its average volume of 70.23 million shares. The stock moved within a range of $0.0013 – 0.0017 after opening trade at $0.0013.
Hemp, Inc. Releases Highly Potent CBD/CBG Power Capsules
The company has been one of the major leaders in the industrial hemp space and yesterday, it came into focus after it made an announcement with regards to the release of another product. The company announced that it had released the second ‘powerhouse product’ from its CBD/CBG portfolio. The portfolio of products is known for being highly innovative and potent, which is why there seemed to be considerable excitement among investors with regards to the stock yesterday.
The new product that has been launched by the company is actually a CBD/CBG blended super capsule and it is meant for helping with anxiety, sleep and pain. The potency of the product is at the same level as the CBD/CBG tincture that had been launched by the company earlier on in 2022.
At this point in time, it may be a good move from investors to keep an eye on the Hemp Inc stock and watch for further developments on the operations front.
Key Quote
“We are just as excited about our CBD/CBG high potency blend in capsule form as we are about the new super tincture we unveiled earlier this week,” said Hemp, Inc. COO Jed Perlowin.
Technical Data
HEMP stock is trading above the 20-Day and 50-Day Moving averages of $0.0014 and $0.0016 respectively. However, the stock is trading below the 200-Day moving average of $0.0034.
