Buy low, sell high they say. Looking across our universe of marijuana stocks today, there were a few companies that had a rougher day in the markets today.
Don't immediately think of a declining day as a bad thing. Think of a 5% decline in share prices as a 5% sale on the company's stock.
Here is a brief run-down of some declining marijuana stocks in trading on Tuesday January 17th, 2017 (in alphabetical ticker order). As mentioned above, these stocks are all worthy of further research given the potential buying opportunities presented by down trading days.
Equity markets in the United States were closed yesterday in observance of Martin Luther King, Jr. Day, however markets in Canada and the European Union remained open for trading.
Aero Grow International, Inc. (OTC:AERO)
Shares of AERO closed the day trading down at $3.11 per share on lower than average trading volume. Compared to Aero Grow International's previous close of $3.21 per share, this represents a 3.12% loss today.
AXIM Biotechnologies, Inc. (OTC:AXIM)
Shares of AXIM closed today's trading at $11.091 per share on over 2x the 30-day average volume. Compared to AXIM Biotechnologies' previous close of $14.05 per share, this represents a 25.98% loss today.
General Cannabis Corp. (OTC:CANN)
Shares of CANN closed the day's trading at $2.90 per share on slightly higher than average trading volume. Compared to General Cannabis Corp's previous close of $3.06 per share, this represents a 5.23% loss today.
Canabo Medical Inc. (CVE:CMM) (OTC:CAMDF) (FRA:ARAH)
Shares of Canabo Medical Inc. closed today's trading at $0.860 CAD, down 3.37% from the previous day's close in Canada of $0.89 CAD. This move happened on significantly lower than average volume on the CSE. Their U.S and Frankfurt listings closed at $0.6686 and €0.601, down 2.14% and 2.59% respectively.
Nutritional High Intl, Inc. (OTC:SPLIF) (CSE:EAT)
While shares of EAT closed today trading at $0.235 CAD on the CSE, up $0.01 CAD, shares of Nutritional High listed on the OTC markets under the ticker SPLIF closed the today's trading at $0.1704 per share on slightly lower than average trading volume. Compared to Nutritional High's previous close of $0.1782 per share, this represents a 4.38% loss today.
For more information and custom stock charts for any of the marijuana stocks mentioned, be sure to check out their profiles in our marijuana stocks database (also linked via tickers above). Also don't forget to connect with us on social media using the links to the right of the article. If you aren't already subscribed, be sure to sign up for our totally free newsletter below! We are also announcing some new premium marijuana stock newsletters this week.
Be sure to check out today's marijuana stock gainers as well!
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