A Good Start Of The Week For Enertopia Corp. (OTCMKTS:ENRT)
Enertopia Corp. (OTCMKTS:ENRT)’s stock had a rough period last week after it was ascending the charts since the beginning of the month. This week started off way better and it seems that ENRT has returned to its upward course for the moment.
Recently, the company has been exercising warrants in order to acquire funds for their operations and management has done all it can to keep up the hype with press releases. They even spent $21,735 for a six month radio, internet and TV advertisement with The Money Channel to spread the word and attract investors.
Although the news of the media campaign and the first round of excercised warrants came before market open on March 14 they didn’t do much to impact the stock’s movement and ENRT closed the last session before the weekend in the red.
The company stock finally began generating dollar volumes that are appropriate for a newly hatched medical cannabis venture and made a good 44% in Monday after announcing another round of warrants that have been excercised for proceeds to the company of USD$289 thousand.
Yesterday, we saw another successful session for ENRT‘s stock, which gained 24%, closing at $0.899. There was more trading than Monday and at the end there were more than 4.3 million shares that changed their owners, generating $3.6 million in dollar volume.
Today, ENRT gapped up breaching the $1 per share barrier with a price of $1.01, but slid below it in a matter of minutes. Will it go above the line until the end of the session is for time to tell. Also, the near-future of the stock is highly dependant on positive financial filings that everyone is anticipating, so it will be good to do your due diligence before making an investment decision.
CannaBusiness Group, Inc. (OTCMKTS:CBGI) also had a good session yesterday, as it climbed 15% with $11.2 million in dollar volume, but is dropping since today’s open. Meanwhile Growlife, Inc. (OTCBB:PHOT)’s upward run came to an end as the company stock dropped 11% in price.
