Is CANNLABS INCORPORATED (CANL)’s Trend Up

December 9, 2017 - By Peter Erickson

Is CANNLABS INCORPORATED (CANL)’s Trend Up

Penny stock shareholders are becoming inquisitive about CANNLABS INCORPORATED (OTCMKTS:CANL), following the fact that the share price has moved $-0.047, reaching the $0.38 price level in a recent trade.

A big benefit of investing in small-cap shares is that there is a prospect to outpace the institutional investors. In addition, mutual funds have limits controlling their power to purchase large lots of any one firm’s outstanding shares.

It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, CANNLABS INCORPORATED’s stock was big mover. According to the short interest report published recently, (CANL) had 1,900 shorted shares for 0 days to cover. The prior short interest was 200 for a $850.00 change. The 52-Week High and Low are noted here. -32.74 % (High), 280.00 %, (Low). The stock had 108,200 average volume.

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As seen in stock market, the first point in investing in penny shares is to earn money. A popular trait of penny shares is that they move quickly and are extremely volatile. Penny shares are mainly stocks of small cap firms that can be open to change in industry conditions and stock market sentiments. Though penny shares are generally stated to be dicey, a trader can make massive amount of money in a short period of time, as against bigger, so-named ‘blue chip’ shares and mutual funds, which need a long-term plan.

Needless to state, investing in penny stock is not a right choice for the risk-averse, and only non-essential disposable income or ‘play money’ should be put in penny stocks. In no way are these stocks termed as the conservative investments and traders who play them are willing to take risks with invested capital. Penny stock shareholders must be prepared to put on stake their entire investment. Penny stocks trade fast in directions, recording massive downticks or upticks in few hours.

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Anticipated penny stock investors should learn and gain knowledge of the penny stock market. They must conduct intense research of a firm they might want to invest their money into. Learning can start by enrolling to a penny stock newsletter which offers informative penny stock recommendations. Gathering data as much as you can that is related to the penny stock world is tremendously vital if you want to earn money in trading. It is highly suggested that you enter into the market with a small amount of capital to lessen the risk if you incur a loss.

Disclaimer: The information, views, and opinions expressed in this publication are those of the writers and do not necessarily shows the position or official policy of any company financial professionals, analysts or stakeholders. Examples of assessment performed within this publication are just examples. They should not be used to make financial decisions or stock portfolio as they are based merely on open source and limited information. Assumptions taken within the study are not indicative of the position of any financial professionals or analysts.

More notable recent CannLabs, Inc. (OTCMKTS:CANL) news were published by: Denverpost.com which released: “CannLabs shuts down Colorado pot-testing facility, lays off workers” on November 25, 2015, also Globenewswire.com with their article: “CannLabs, Inc. Announces Powerful New Marijuana Web Application” published on January 28, 2015, Globenewswire.com published: “CannLabs, Inc. to Create Custom Content Channel on theCannabist.co” on February 25, 2015. More interesting news about CannLabs, Inc. (OTCMKTS:CANL) were released by: Courant.com and their article: “Company Plans To Open Medical Marijuana Lab In Hartford” published on August 07, 2014 as well as Globenewswire.com‘s news article titled: “Mark Mirken Resumes Role As CEO of CannLabs” with publication date: October 06, 2015.

CannLabs, Inc. provides cannabis testing laboratory services in the United States. The company has market cap of $9.54 million. The Company’s testing services include potency testing, residual solvent analysis, microbiological testing, pesticide testing, heavy metals testing, nutrient analysis, terpenes analysis, shelf-life/stability studies, gene expression testing, and genotyping/phenotyping testing. It currently has negative earnings. The firm also offers data/analytics and consulting, as well as education services.

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