Are Marijuana Companies Back In Favor? Hemp Inc (HEMP), Alexandria Advantage Warranty Co (AAWC) and Digipath Inc (DIGP)
New York, NY – GDP INSIDER – 04/01/2015.
This article discusses three companies: Hemp Inc (OTCMKTS:HEMP), Alexandria Advantage Warranty Co (OTCMKTS:AAWC) and Digipath Inc (OTCMKTS:DIGP)
Hemp Inc (OTCMKTS:HEMP) halted its recent decline yesterday with the stock climbing 1.60% or $0.0004 to close at $0.254 on heavy trading of 22.001 million shares, compared to its three month average trading volume of 10.960 million. The producer of products made from industrial hemp saw the gains after it released its fourth quarter and full year results, which showed sales up over 235% year on year. The company is gearing up for the expected legalization of industrial hemp in North Carolina and of all the stocks in this sector it could be the one to watch.
Alexandria Advantage Warranty Co (OTCMKTS:AAWC) fell back slightly yesterday with the stock sliding 0.75% or $0.0010 to close at $0.1320 on massively heavy trading volume of 1.648 million shares, when compared to its three month average trading volume of just 380 shares. The designer and developer of wireless communication technology has been fluctuating between $0.11 and $0.20 for the last month without showing any signs of breaking out and with quarterly revenue decline of -71.60% and a current ratio of 0.20, it is better to sell than hold at this moment.
Digipath Inc (OTCMKTS:DIGP) saw huge gains yesterday with the stock skyrocketing 43.40% or $0.0230 to close at $0.0760 with more than 3.162 million shares changing hands, compared to its three month average trading volume of 0.313 million shares. The provider of microscopy system for cannabis testing and training saw the gains, in line with a lot of companies in the marijuana industry, as investor’s sense that significant changes in the laws on cannabis and related products are becoming more likely. At this price the stock is a hold and potential buy for the long term.
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