Terra Tech Corp (OTCMKTS:TRTC) Down Since OTCQX Uplisting

One week ago Terra Tech Corp (OTCMKTS:TRTC) moved up in the world of stocks. The company took a decisive step and successfully uplisted from the QB to the QX tier of OTC Markets. Since the moment the news hit the wire, the company has closed red more times than it has ended up in the green.

Admittedly, the news about the OTCQX uplisting came as a bit of a surprise. The company managed to close 4% up on the day of the announcement but has been having a hard time pushing up the charts ever since. The move is no doubt a positive but it seems the market is not particularly excited about it.

TRTC is currently precariously balanced at just over a dime per share. The stock recently tasted prices below that level and managed to bounce back, so a revisit of prices below a dime will not spell the end of the world. Nonetheless, it would be alarming to see a slip at a time when the company has just made an important move up in the tiers of the OTC.

As outlined by CEO Derek Peterson, the uplisting is supposed to improve liquidity, present the company in a more desirable light for institutional investors and attract new retail shareholders to the stock. Obviously, the effect of any of those things cannot be felt overnight but it seems a little strange that the news did not cause a ripple of excitement among TRTC‘s existing shareholder base.

TRTC is now just a few short weeks away from the long-awaited opening of its first company-owned dispensary in Nevada. Given things go according to play and no last-minute announcement of new delays is put up, this new dispensary should give the stock a very ostensible boost on the charts.