MassRoots (OTCMKTS:MSRT) Stock Price Up 1% - What's Next?

Key Points

• Shares rose ~1% to $3.94 (intraday high $3.95) but volume was just 6,971 shares — roughly a 99% decline versus its average session volume.
• Market cap $1.97 billion, P/E of 394 and beta of 2.45, with the stock trading below its 50‑day ($4.47) and 200‑day ($5.99) moving averages.
• MassRoots operates a cannabis-focused social networking app for consumers and has expanded into B2B software for dispensaries and growers.

MassRoots, Inc. (OTCMKTS:MSRT - Get Free Report)'s share price traded up 1% on Wednesday . The company traded as high as $3.95 and last traded at $3.94. 6,971 shares changed hands during trading, a decline of 99% from the average session volume of 1,063,234 shares. The stock had previously closed at $3.90.

MassRoots Price Performance

The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 394.00 and a beta of 2.45. The firm has a 50 day moving average price of $4.47 and a 200-day moving average price of $5.99.

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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