Terra Tech Corp (OTCMKTS:TRTC) Takeoff Attempt Cut Short Again

The first market session after the long weekend was not kind to Terra Tech Corp (OTCMKTS:TRTC). The company’s share price took another nose dive and TRTC was down 8.4% by the closing bell, stopping at $0.12 per share.

Over the last month the company’s stock made multiple attempts to peel off and move up but every two or three-day green streak was followed by a sobering retrace that pushed it back to its pre-run levels, or lower. Over the last two sessions TRTC dropped 18%.

The company last generated a bit of noise after it announced securing two additional permits to run dispensaries from the council of unincorporated Clark County. TRTC supporters saw amazing potential in the announcement. While this is indeed a great opportunity, the company still needs to capitalize on the opportunities it secured back in the summer of 2014, more than a year ago.

The permits TRTC‘s MediFarm subsidiary locked in back then have still not transformed into active, operational locations. It’s obvious that this process takes both time and money but potential investors would perhaps be more confident when the company finally opens the doors of its first dispensaries, sometime this October if all goes according to plan.

The fact that TRTC stumbles hard after every climb does not suggest shareholders are particularly confident about their investment. After all, an awful lot of people bought TRTC shares when the stock was trading within far higher price ranges. Disillusioned investors selling into every price spike to minimize losses is not an impossible scenario, especially when insiders are setting the pace, with secretary and treasurer Amy Almeister selling 35% of the common stock she held within the span of the last three weeks.