Medical Marijuana, Inc. (OTCMKTS:MJNA) With a Decent Close of The Week

After the big percentile movements in the price of Medical Marijuana, Inc. (OTCMKTS:MJNA) from August, the ticker has been barely moving. The general direction in which it is heading is down, but due to the small changes in value the stock has been hovering around $0.15 in the passing month.

The press release that came in Friday was able to boost the price a little bit as it contained decent positive news. It was a time to shine for MJNA, as they bragged that one of their prototype products, CBD Simple took the “High CBD (cannabidiol) Award” at the High Times Medical Cannabis Cup in Seattle, Washington.

The intraday chart shows that trading was equally scattered throughout the session and the gain in price took place moments before the final bell. The session was filled with dips and peaks, with the ticker going as high as $0.161 minutes before closing the session at $0.145.

While the stock gained 7.53% in price, the total amount of shares that switched hands was estimated at 8.1 million and helped generate a trade value of $1.1 million, which isn’t really unusual for MJNA, as it is probably the hottest medical marijuana stock at the moment.

Even though the movements in price aren’t that big, MJNA is the most talked about medicinal cannabis ticker, mainly due to the company’s subsidiaries who are working hard on growing its client base, participating in every event which gives them the opportunity to showcase their products.

Will MJNA start moving decisively in one direction or the other is still uncertain. What is certain is that it is one of the most stable stocks and has a huge fan base. It will not fit with someone looking for a speculative play, that’s for sure, but if you are looking at it as a long-term investment be sure to do your due diligence and weigh out the risks.

We can’t say the same for Hemp, Inc. (OTCMKTS:HEMP), whose stock is constantly swaying in both directions, mainly registering sessions in the red. The case with Cannabis Science, Inc. (OTCMKTS:CBIS) is almost the same, so we can say that out of these medical marijuana stocks the safest bet is MJNA.