MassRoots (OTCMKTS:MSRT) Trading 1.5% Higher - Here's What Happened

Key Points

• Shares of MassRoots (OTCMKTS:MSRT) traded up 1.5% intraday to $3.38 (high of $3.4714), but volume was extremely light at 3,096 shares versus an average session volume of 1,063,234.
• The stock is trading below its 50‑day ($4.09) and 200‑day ($5.71) moving averages and shows a market cap of $1.69 billion, a high PE ratio of 338, and a beta of 2.45.
• MassRoots operates a cannabis-focused social networking app and has expanded into B2B software solutions for dispensaries and growers.

Shares of MassRoots, Inc. (OTCMKTS:MSRT - Get Free Report) traded up 1.5% during mid-day trading on Wednesday . The company traded as high as $3.4714 and last traded at $3.38. 3,096 shares were traded during trading, a decline of 100% from the average session volume of 1,063,234 shares. The stock had previously closed at $3.33.

MassRoots Stock Performance

The stock has a fifty day moving average of $4.09 and a 200-day moving average of $5.71. The company has a market cap of $1.69 billion, a PE ratio of 338.00 and a beta of 2.45.

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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