The Daily Dab: A Quick Hit On Cannabis Stocks 03/13/14
Cannabis stocks retreated, with 71% of the group declining. There were 5 double-digit percentage gainers and 6 double-digit percentage losers. Stocks with volume above the 30-day average dropped to 22%, with 5 stocks trading over $5mm in value.
Enertopia CEO Robert MacAllister Interview
The star of the day was Petrotech Oil & Gas (PTOG), which blasted to a new high on increased volume. The CannaBusiness Group (CBGI) also moved to a new high, as volume expanded. GreenGro Technologies (GRNH) lifted out of a two month consolidation on higher volume. Growlife (PHOT) advanced on lower volume as the third most actively traded name in terms of dollar volume.
Terra Tech (TRTC) gave up some of its recent gains after having almost tripled over the last week, with volume declining though above the 30-day average. Cara Therapeutics (CARA), which had more than doubled since its IPO in late January, gave up more ground as volume increased. CannaVest (CANV) posted a new low since having peaked above $200 last month, with volume lifting. Fusion Pharm (FSPM) fell as volume increased slightly.
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Source: http://ab.typepad.com/ab_analytical_services/2014/03/the-daily-dab-a-quick-hit-on-cannabis-stocks-031314.html
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