Terra Tech Corp. (OTCMKTS:TRTC) Run Cut Short Again

After logging new 52-week lows and closing under $0.14 per share on Monday, Terra Tech Corp. (OTCMKTS:TRTC) almost seemed to be making a push to find its walking feet and recover. However, the two-day bounce, accompanied by a long-awaited bit of news about the company’s Nevada operations, was followed by a drop that practically wiped the green sessions.

Yesterday TRTC dropped 6.6% to close at $0.14 flat. In our previous article we argued that the news release the company put up on Monday had nothing to do with the two-day green move because TRTC had a chance to trade on the news on Monday and it closed red on that day. It would indeed seem the bounce was more technical than news-driven, as TRTC was oversold for a couple of days before it reversed in the green.

For a while it seemed Nevada news would be the kicker for the company but now that an update is out, the market seems far from enthusiastic. The news concerning the first dispensary location actually list an opening date pushed back to ‘early October’, compared against earlier plans to have TRTC dispensaries open their doors in the summer of 2015.

Saying that TRTC‘s main focus is not opening those Nevada dispensary, cultivation and growing sites looks an awful lot like denial, as those were the very reason TRTC stock was trading at $0.50 a pop in the autumn of 2014.

TRTC is currently trading 2.6% up in the early session.