Shares of MassRoots, Inc. (OTCMKTS:MSRT – Get Free Report) shot up 3.4% during mid-day trading on Wednesday . The stock traded as high as $5.37 and last traded at $5.11. 54,303 shares were traded during mid-day trading, a decline of 95% from the average session volume of 1,063,234 shares. The stock had previously closed at $4.94.
MassRoots Stock Performance
The firm has a market cap of $2.54 billion, a P/E ratio of 508.74 and a beta of 2.45. The stock’s 50-day moving average is $6.01 and its 200 day moving average is $4.66.
About MassRoots
MassRoots, Inc is a U.S.-based technology company that serves the regulated cannabis industry through a consumer-focused social networking platform. The company’s flagship mobile application enables cannabis users to discover and share information about strains, dispensaries and related products. Through user-generated reviews, photos and geotagging, MassRoots provides a community forum where enthusiasts, brands and retailers can engage in an age-restricted digital environment tailored to the evolving legal cannabis market.
In addition to its consumer app, MassRoots has expanded into the business-to-business segment with software solutions designed for dispensaries and cannabis growers.
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