The closing bell has rung and its time to take stock of the day's market action. The Solactive North American Medical Marijuana Index had a pretty nice day, gaining roughly 1% as broader equity markets in the U.S. finished the day in the red. That being said, quite a few of the names from our global marijuana stock database finished today's trading session deep in the red. Here are four of the biggest marijuana stock losers in trading on Wednesday, August 23, 2017.
American Cannabis Company Inc. (OTC:AMMJ)
Despite a lack of recent news, shares of American Cannabis Company had a terrible time in today's trading session, falling 11.60% on volume that was more than 8 times its 30-day average volume. Check out American Cannabis Company's marijuana stock profile linked above to view a custom stock chart and put today's selloff into perspective.
In today's trading session, shares of Grow Condosplunged 17.24% on volume that was more than double its 30-day average volume. Yesterday, Grow Condos' filed their 10-Q with the SEC, along with restated financials from last year. Revenues in the quarter decreased 7% from the comparable quarter of last year. Be sure to check out the company's marijuana stock profile linked above to view a custom stock chart.
In the trading day today, shares of Praetorian Propertyfell 4.18% without any recent news. Volume today was higher than the company's 30-day average volume. Find a custom stock chart and news regarding Praetorian Property by checking out their profile in our marijuana stock database linked above.
Shares of Zynerba Pharmaceuticalslost 3.54% today on lighter than average volume. These declines came without any recent news from the company. Learn more about this cannabinoid biotech company by checking out their marijuana stock profile linked above.
Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) 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.