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 Thursday February 9th, 2017 (in alphabetical order by symbol). As mentioned above, these stocks are all worthy of further research given the potential buying opportunities presented by down trading days.
Cannabis Science, Inc. (OTC:CBIS)
Cannabis Science, Inc. shares closed today's trading at 0.1161, down 10.28% from yesterdays' close of $0.1294. This decline in their share prices today happened on greater volume than their 30-day average volume of 71.4 million shares.
Cannabics Pharmaceuticals, Inc. (OTC:CNBX)
Shares of Cannabics Pharmaceuticals closed the days' trading at $1.11 per share on volume 2x their 30-day average trading volume. Compared to CNBX's previous close of $1.32 per share, this represents a 15.90% loss today.
First Harvest Corp. (OTC:HVST)
First Harvest Corp. shares declined in Thursday's session to finish at $1.6925, on higher volume than their 30-day average volume. Compared to First Harvest's previous close of $2.00, their stock declined 15.38% today.
Rocky Mountain High Brands, Inc. (OTC:RMHB)
Shares of RMHB finished today trading session at $0.1085, down 5.65% from their previous close of $0.115. With over 6 million shares trading hands today in RMHB, the trading volume in Rocky Mountain High Brands' today was below their 30-day average volume.
Vapir Enterprises Inc. (OTC:VAPI)
Shares of VAPI closed the days trading session at $0.059396 per share on volume nearly below their 30-day average trading volume of 103,000 shares. Compared to Vapir's previous close of $0.0745 per share, this represents a 15.70% loss today.
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