Shares of 22nd Century Group Inc. (NYSE American:XXII) traded at a new 52-week high today of $4.58. This new high was reached on approximately average trading volume as 3 million shares traded hands, while the average 30-day volume is approximately 3.5 million shares.
Potential upside of 22.4% exists for 22nd Century Group Inc., based on a current level of $4.58 and analysts’ average consensus price target of $5.61.
22nd Century Group Inc is a US-based plant biotechnology company. It focuses on developing technology which allows the increase or decrease in the level of nicotine and other nicotinic alkaloids in tobacco plants and levels of cannabinoids in cannabis plants through genetic engineering and plant breeding. The company is engaged in the research and development of potentially less harmful or modified risk tobacco products and novel tobacco plant varieties. Other business activities of the company include manufacture, marketing, sales and distribution of RED SUN and MAGIC proprietary cigarettes, contract manufacturing of third-party branded tobacco products, research and development of plant varieties of hemp/cannabis, the sale of branded proprietary tobaccos and among others.
In the past 52 weeks, 22nd Century Group Inc. share prices are bracketed by a low of $0.55 and a high of $4.58 and is now at $4.58, 733% above that low price.
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