Hemp Inc (OTCMKTS:HEMP) Stock In Focus After Recent Development

If you are currently on the lookout for hemp related stocks then it may be a good move to perhaps take a closer look at the Hemp Inc (OTCMKTS:HEMP) stock, which ended up with gains of as much as 4% on Thursday.

Trading Data      

On Thursday, HEMP stock moved up 4.35% to $0.0012 with more than 42.16 million shares, compared to its average volume of 71.36 million shares. The stock moved within a range of $0.0010 – 0.0012 after opening trading at $0.0012.

King of Hemp Natural and Vanilla-Flavored CBD/CBG “Super” Tinctures Now in Stock

In this situation, it could be a good idea for investors to consider taking a look at the announcement from the company yesterday. The company announced yesterday that the CBD/CBG super tinctures of vanilla and natural flavours were in stock and had been made available on the King of Hemp website. It was a major new announcement from the company and the rally in the stock following the announcement was perhaps understandable.

In this regard, it is also necessary to point out that Hemp Inc has been successful in formulating a unique ‘super’ tincture that has managed to pack in as much as 7500 mg of CBD on top of 2500 mg of CBG. The super tincture helps in fast absorption and provides fourfold potency when compared to other tinctures.

In addition to that, the product is highly affordable as well. It will be interesting to see if the stock can add to its gains today and end the week on a high.

Technical Data

HEMP stock is trading below the 20-Day and 50-Day Moving averages of $0.0012 and $0.0014 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0025.