Cannabis stocks edged higher and are now down 9.6% in June. 56% of the 32 stocks tracked here rose in price, with one double-digit percentage gainer and no double-digit percentage losers. Stocks with volume above the 30-day average rose decreased from 43% to 38%, with three stocks trading over $5mm in value. Eight of the ten highest dollar-volume stocks rose in price as three traded above $1mm. The 420 Investor Cannabis Stock Index increased from 34.34 to 34.44, reflecting a change of -12.3% year-to-date in 2016. The index began 2013 at 100, 2014 at 159.1, 2015 at 130.7, and 2016 at 39.25.
Stocks moving more than 5% on more than $500k in volume included Zynerba (ZYNE) to the upside and none to the downside.
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Missing from your list is Canada's revenue leader, GLDFF.
Seems really odd, you would leave a MJ company off your list that earned 20M usd, the past 12 months trailing.
I sense a little bias ???
Posted by: Darren | 06/25/2016 at 08:45 AM
Thanks for the observation. Until they get a U.S. listing, I am not going to include it unless the average daily volume for its grey-sheet listing is higher (currently only $10K per day). This list is intended to represent the highest volume names. I don't include several companies that I actually like out of Canada.
Posted by: Alan Brochstein | 06/25/2016 at 09:16 AM