Cannabis stocks continued to run and ended up 36.4% in September. 74% of the 42 stocks tracked here rose in price, with 9 double-digit percentage gainers and 1 double-digit percentage loser. The percentage of stocks with volume above the 30-day average was 74%, up from 60% in the prior session, with two stocks trading over $5mm in value. Eight of the ten highest dollar-volume stocks rose in price as six traded above $1mm. The 420 Investor Cannabis Stock Index increased from 43.49 to 45.22, reflecting a change of +15.2% year-to-date in 2016. The index began 2013 at 100, 2014 at 159.1, 2015 at 130.7, and 2016 at 39.25.
This table includes MQTRF and TWMJF, which are unsponsored ADRs, as well as dual-listed tickers ACBFF, APHQF, BLOZF, GWPH, OGRMF, SPRWF and THCBF and thus is not reflective of all the trading activity in those tickers.
Stocks moving more than 5% on more than $500k in volume included OWC Pharmaceuticals (OWCP), General Cannabis (CANN) and American Cannabis Company (AMMJ) to the upside and none to the downside.
The Daily Dab is brought to you by 420 Investor, a large community of investors seeking to capitalize on cannabis. For just a little over a dollar a day on an annual subscription ($420, or $42 per month), you can get all of the benefits of being a part of 420 Investor, including analysis, alerts, trade recommendations, chat, forums and video updates. Want a quick way to stay on top of the sector? The monthly 420 Investor Newsletter will keep you informed for just $99 per year. Find out why 420 Investors are addicted to the service. To learn more about the sector, download your free guide.
Check us out on Facebook too!