Looking across our universe of marijuana stocks today, a few posted losses in today's session.
Losing days can be a great opportunity to pick up names from your watch list on "sale", or to potentially lower your cost basis in stocks you already own.
Below is a quick run-down of some marijuana stocks that declined in trading on Monday January 23rd, 2017 (in alphabetical order by ticker symbol).
Cannabis Science, Inc. (OTC:CBIS)
Shares of CBIS closed the days session at $0.104 per share on over two times their 30-day average volume of around 47 million shares. Compared to Cannabis Science's previous close of $0.1212 per share, this represents a 14.19% loss today.
Diego Pellicer Worldwide, Inc. (OTC:DPWW)
Diego Pellicer Worldwide shares closed the days session at $0.35818 per share. Compared to DPWW's previous close of $0.389 per share, this represents a 10.00% loss today. Today's move occurred on 3x greater volume versus their 30-day average.
mCig, Inc. (OTC:MCIG)
Shares of mCig closed the days' trading at $0.3298 per share on greater volume than their 30-day average of 7.6 million shares. Compared to MCIG's previous close of $0.37 per share, this represents a 10.91% loss today.
Medical Marijuana, Inc. (OTC:MJNA)
Shares of Medical Marijuana, Inc. closed today's trading at 0.161868
down 3.44% from Friday's close of $0.1688. This decline in their share prices today happened on less volume than their 30-day average of around 30 million shares.
Naturally Splendid Enterprises Ltd. (TSX.V:NSP)(OTC:NSPDF)(FRA:50N)
On the Toronto Venture Exchange today shares of NSP closed down 1.59% at CAD 0.31, however their other listings in the U.S. and Europe didn't fare as well. On the Frankfurt Exchange, Naturally Splendid fell 8.66% to close the European session at €0.21. Their U.S listing finished the day down 4.64%, at $0.23 per share.
Conclusion
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