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Another Quiet Friday's Marijuana Stock Watchlist

May 12, 2017

 (Image Credit - Chris Li)

It's a quiet spring day here on Wall Street, and the same is true for the cannabis markets. News is very slow this morning and volatility has calmed down compared to the first part of the week. That said, there are a handful of cannabis companies worth keeping an eye on as we finish out this trading week. 

 

Aphria Inc. (TSX:APH)(OTC:APHQF)

 

Aphria Inc. is down roughly 2.5% in midday trading, giving back some of yesterday's strong gains. Recently, a few insiders have been loading up on shares, increasing investor confidence in this beaten down name. We'll be watching to see if shares can hold on to yesterday's gains into the close. 

 

Digipath Inc. (OTC:DIGP) 

 

Shares of Digipath Inc. are flat in midday trading after the company announced their second quarter financial results. One highlight of the report is that the company saw a 252% increase in revenue year-over year. Learn more about this cannabis testing lab and media firm by checking out their marijuana stock profile linked above.

 

Zoned Properties, Inc. (OTC:ZDPY)

 

Shares of Zoned Properties are recovering some of yesterday's steep losses that came after their earnings release. In midday trading, shares of ZDPY are up more than 11% on higher volume than their 30-day average. We'll be watching to see if any significant sellers come in through the rest of the trading day. 
 

Conclusion

 

There's not much else happening in the weed stock world today, but we'll be sure to keep readers posted. Be sure to subscribe to one of our free newsletters so you never miss an important update! 

 

D/M/O

 

Disclosure

 

We have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The information contained on DailyMarijuanaObserver.com has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

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