Terra Tech Corp. (OTCMKTS:TRTC) Runs into Headwinds

Fair winds in the OTC markets can change into storm clouds in a matter of a single day. The turbulent ride of Terra Tech Corp. (OTCMKTS:TRTC) that recently pushed the price on both sides of the $1.00 mark sent the ticker further down yesterday. TRTC slipped back under a dollar, closing nearly 7% down and shifting its lowest share volume for the past three weeks.

The company has not published any new PR to keep investors enthralled with recent developments. Even though an article published by a popular stock-related outlet just yesterday spoke very highly of TRTC and voiced a very optimistic opinion of the company’s future and positioning in the sector, this didn’t help the price movement much.

Investors seem to be rather miffed about the sizable insider selling taking place recently, with hundreds of thousands of shares sold on the open market. This sort of thing, taking place right when the company has climbed to dizzying heights after it was priced at under $0.20 in early January, is not a good indicator of the great confidence insiders have in the long-term success of the business.

The company is currently generating its revenues from the sale of market produce, primarily potherbs, grown in its facilities, even though management has spoken of shifting to marijuana for some time now. There is no specific info on when exactly the jump from potherbs to pot is going to happen and the excitement that pushed TRTC to over a dollar was largely built on media appearances and talk about the potential of converting the company’s growing facilities to produce marijuana.

TRTC‘s latest big announcement concerned the purchase of extraction equipment to be used for producing CBD – a marijuana compound to be then used in a nutritional supplement that TRTC plans to produce together with Inergetics, Inc. (OTCMKTS:NRTI). The news caused a momentary spike on Monday, then the ticker turned red again.