MassRoots Stock Underreacts to Announcement of Ad Contracts

February 22, 2016 Leave a comment

On Feb. 22, 2016, MassRoots (OTCQB:MSRT), a social media platform for the cannabis industry, announced that last week, from Feb. 15 to Feb. 19, it had entered into two social media advertising contracts and that the company expects these two contracts to generate $77,000 in annual revenue.

The stock opened at $0.975 on Feb. 22 and closed down by 4.99% at $0.96, with volume slightly above 75,000. The OTC Markets are known for being irrational, meaning good news for a public company might not immediately translate into good news for that company’s Price Per Share.

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Caroline Cahill

Caroline Cahill is the Managing Editor of MJINews. She earned her BA in Communications from College of Charleston and her MFA in Creative Writing from Virginia Commonwealth University. She has previously worked in higher education, development and radio. You can follow her on Twitter @CtheresaC.