MassRoots, Inc. (OTCMKTS:MSRT – Get Free Report)’s stock price shot up 1.8% during trading on Monday. The stock traded as high as $2.5315 and last traded at $2.4950. 2,506 shares changed hands during trading, a decline of 100% from the average daily volume of 1,063,234 shares. The stock had previously closed at $2.45.
MassRoots Trading Down 13.2%
The company has a market cap of $1.11 billion, a PE ratio of 222.00 and a beta of 2.45. The firm has a 50 day moving average of $3.43 and a two-hundred day moving average of $3.44.
MassRoots Company Profile
MassRoots is a cannabis-focused technology company best known for developing a social networking platform for cannabis consumers and businesses. The platform was designed to allow users to share information, discuss cannabis-related topics, discover products and dispensaries, and connect with other members of the cannabis community.
Historically, MassRoots also provided cannabis business listings, consumer reviews, industry news, branded content, and advertising opportunities. Its services were primarily aimed at cannabis consumers, dispensaries, cultivators, brands, and other businesses operating in legal cannabis markets, particularly in the United States.
The company was co-founded by Isaac Dietrich, who served as its chief executive during a significant portion of its development and expansion.
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