Cannabis Stock Leader: Medical Cannabis Payment Solutions (OTO:REFG) Gains 5.77% at Midday on January 9
?Jeremy Wilchek ?Market Movers
Medical Cannabis Payment Solutions (OTO:REFG) has a strong morning trading session on January 9, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an advance of 5.77%. After closing the previous session at $0.1699, shares of $REFG opened this morning at $0.1675 and are trading at $0.1797 at the lunch break. So far, about 196,061 shares have changed hands, compared to an average of 30-day volume of 147,507 for Medical Cannabis Payment Solutions. Shares moved as high at ${round high 4} and as low as $0.165 in AM trading action.
The share appreciation gives the company a market capitalization of $22.29 million based upon 131.18 million shares outstanding.
In the past 52 weeks, shares of Medical Cannabis Payment Solutions have traded as low as $0.0301 and as high as $0.2. Technical traders will take note that at $0.1797, shares of REFG are trading above their 50-day moving average (MA) at $0.124 and above their 200-day MA at $0.074. 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 REFG?
Medical Cannabis Payment Solutions Inc is a medical cannabis company. It creates technologies for the emerging cannabis industry. It is the result of a holding company reorganization with Refill Energy, Inc. The company is led by its CEO from its headquarters in Cheyenne, WY.
