Cannabis Stock Leader: Vape Holdings Inc (OTO:VAPE) Gains 16.5% at Midday on January 11

11/01/2017 18:27

Vape Holdings Inc (OTO:VAPE) has a strong morning trading session on January 11, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 16.5%. After closing the previous session at $0.016, shares of $VAPE opened this morning at $0.016 and are trading at $0.0186 at the lunch break. So far, about 16.73 million shares have changed hands, compared to an average of 30-day volume of 13.55 million for Vape Holdings Inc. Shares moved as high at ${round high 4} and as low as $0.016 in AM trading action.

The share appreciation gives the company a market capitalization of $5.87 million based upon 366.87 million shares outstanding.

In the past 52 weeks, shares of Vape Holdings Inc have traded as low as $0.0012 and as high as $0.032. Technical traders will take note that at $0.0186, shares of VAPE are trading above their 50-day moving average (MA) at $0.013 and above their 200-day MA at $0.006. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them is typically regarded as bullish.

Who is Vape Holdings?

Vape Holdings Inc is engaged in the manufacturing and distribution of healthy and sustainable vaporization products. The Company's product brand includes HIVE Ceramics. The company is led by its CEO Darin M. Myman from its headquarters in Agoura Hills, CA.

For more information on Vape Holdings and other companies focused on the expanding legal cannabis and medical marijuana industries or to considered for contributing content, visit today.

All data provided by QuoteMedia and was accurate as of 12:00PM ET.

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