Looking across our universe of marijuana stocks today, there were a handful of cannabis stocks that lagged in today's market session.
Here is a quick analysis of some marijuana stocks that sold off Monday January 30th, 2017 (in alphabetical order by symbol).
InMed Pharmaceuticals Inc. (CSE:IN)(OTC:IMLFF)
Shares of InMed Pharma. finished today's trading session at CAD$0.39, down 4.88% from their previous close of CAD$0.410. In the U.S., IMLFF finished the day at $0.29 down 8.23% from Friday's close of $0.316. With 915,000 shares traded on the OTC markets today in IMLFF, the trading volume in InMed Pharmaceuticals' today was around their 30-day average volume.
Praetorian Property, Inc. (OTC:PRRE)
Shares of PRRE closed today's trading at $1.43 per share on over 6x their 30-day average volume! Compared to Praetorian Property's previous close of $1.98 per share, this represents a huge 27.78% loss today.
Nutritional High International, Inc. (CSE:EAT)(OTC:SPLIF)(FRA:2NU)
Shares of EAT on the Canadian Securities Exchange finished today's trading session at CAD$0.22, down 4.35% from their previous close of CAD$0.230. In the U.S. SPLIF closed at $0.1745, down 3.06% from Friday's close of $0.18. As of the European Close, shares of Nutritional High International in Frankfurt ended the day at €0.16, down 5.88% from Friday's close of €0.17.
Vapir Enterprises, Inc. (OTC:VAPI)
Shares of Vapir Enterprises, Inc.closed today's trading at $0.0786, down 10.38% from the previous day's close of $0.0877. This downward move happened on lower volume than their 30-day average trading volume of 97,000 shares.
Veritas Pharma Inc. (CSE:VRT)(OTC:VRTHF)
Shares of VRT finished today trading session at CAD$0.49, down 5.77% from their previous close of CAD$0.52. In the U.S. Veritas' shares ended down 6.13% from Friday's close of $0.40. Volume in their OTC listing was 2x their 30-day average volume of 46,000 shares.
To learn more about any of the stocks mentioned, check out their profile using the links above. Also, stay up to date with all of the Daily Marijuana Observer's updates by following us on social media and subscribing to our email newsletter found below.
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.