Terra Tech Corp. (OTCMKTS:TRTC) Slips Below Fifteen Cents

When it’s raining in the world of pot stocks, it’s usually pouring. After a disappointing streak over the second half of May, yesterday Terra Tech Corp. (OTCMKTS:TRTC) dug itself to a new 52-week low. The company’s share price slid over 6% and TRTC stopped at $0.147 per share, closing below fifteen cents per share for the first time since January 2014.

The company has been keeping a relatively low profile in terms of press releases and media noise, dropping occasional announcements that are mostly fluff. Keeping investors up to date is a good thing but informing them of every single new dispensary that now carries TRTC’s new IVXX product line may be a little over the top.

The most decline in share price may have something to do with all the Form 4 filings cropping up too. After we previously reported that two TRTC directors of the VandeVrede family sold a total of 145,000 shares on the open market, within the following few days Mr. Ken VandeVrede alone dumped another 125 thousand shares on the open market, selling at $0.165.

The insider selling was balanced, in part, by continued buying from director Michael Nahaas, who purchased another 60,000 shares. However, the ratio was 2:1 in favor of insider sales so the ultimate impression was perhaps one of fleeing a struggling stock.

Some more detailed information with opening dates for TRTC’s dispensary locations in Nevada would certainly do the struggling share price a lot of good. While the company stated cultivation and production facilities are expected to open sometime in the last quarter of this year, dispensaries were slated for a summer opening.