The hemp industry has quickly emerged as one of the intriguing areas of focus for many investors and one of the major players in the industrial hemp market at this point is Hemp Inc (OTCMKTS:HEMP).
At this point in time, the Hemp Inc stock has been trading within a range and perhaps it is the right time to look into it lest it break out into a rally later. Earlier on this week, the company made an announcement with regards to the appointment of James Hancock as its new President. He is the replacement for Craig Perlowin, who had resigned from the same post earlier.
Perlowin had decided to resign from his post in order to pursue other interests and to devote more time to his family. The appointment of Hancock as the President of Hemp Inc is an important one considering the fact that he is a seasoned executive and has experience in various key domains in a career spanning four decades.
He is known for being a specialist in turning around companies and also in mergers and acquisitions. In the past, he has worked in public companies as Chief Operating Officer, Chief Executive Officer and also as the Vice President of Sales and Marketing.
Market Reaction:
On Wednesday, HEMP stock jumped 3.20% at $0.0065 with more than 44.26 million shares, compared to its average volume of 40.47 million shares. The stock had moved within a range of $0.0063 – 0.0069 after opening the trade at $0.0066. Over the past 52-week, the stock has been trading within a range of $0.0032 – 0.0410.
 Stock Moves in a Range: What to do Now?){kind=link}