Shares of 22nd Century Group Inc. (NYSE American:XXII) traded today at $6.07, eclipsing its 52-week high. Approximately 14.9 million shares have changed hands today, as compared to an average 30-day volume of 3.7 million shares.
22nd Century Group Inc. has overhead space with shares priced $4.97, or 3.5% below the average consensus analyst price target of $5.15.
22nd Century Group Inc is a US-based plant biotechnology company. It focuses on developing technology that 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 SPECTRUM and VLN 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.
Over the past year, 22nd Century Group Inc. has traded in a range of $0.55 to $6.07 and is now at $4.97, 804% above that low.
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