MassRoots Inc Falls Below $1 Per Share
Back in early September the stock of MassRoots Inc (OTCMKTS:MSRT, MSRT message board) was trading above 2 dollar per share. Well, the hype around the stock quickly disappeared and since then the company has been forming one depressing chart. Not only that but the downtrend seems to be getting even stronger and after wiping another 9% of its value during yesterday's trading the stock is now sitting at $0.9098. As a whole MSRT is down by more than 54% from the September highs. Is there a chance for a recovery though?
Two days ago the company announced that it has formed audit, nomination and compensation committees, which is an important step towards MSRT's goal of moving up to the NASDAQ national exchange. The reaction from the market however was far from enthusiastic and on that day the stock slid down by close to 5%.
MSRT has been talking about their potential uplisting for quite a...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Â
Follow us on Instagram
Connect with us on Linkedin