Here’s what we know: The presidential election is about a month away. Many legislative outcomes hinge on which party will be in control. Interest rates could remain consistent to what they are right now well into Q1 of 2017. Why bring this up? Speculation, of course. This seems to be the fuel to the markets right now and none have seen this more up close and personal than us in the small, micro, and even nano-cap space. Market speculation mixed with company speculation on specific equities makes for a wild storm at times and when all things are aligned, it has also made for some great moves. Several stocks demonstrating this lately include:
Cannabis Science Inc (OTCMKTS:CBIS)
FBEC Worldwide Inc (OTCMKTS:FBEC)
Easton Pharmaceuticals Inc (OTCMKTS:EAPH)
Medical Marijuana Inc (OTCMKTS:MJNA)
Cannabis Science Inc (OTCMKTS:CBIS) has been on the move for the better part of the last week. In fact, the stock opened at $0.0146 last Friday and hasn’t looked back ever since. Today, shares of CBIS hit highs of $0.0215 to mark a move up of more than 45% in just a few days. In late September the company announced the launch of its new medicinal product lines for self-medicating patients in California, via legal dispensaries. This seems to have been a catalyst to help propel some new attention on the stock during recent sessions.
FBEC Worldwide Inc (OTCMKTS:FBEC) has been on the rise for the better part of the last few weeks. After some images surfaced on what appeared to be test marketing of their WolfShot energy drink on popular stock message board sites, interest seems to have grown surrounding the future of the product. Yesterday the company announced that it has engaged PNBM Holdings, which effectively gets the product distributed via outlets like 7-11 and ShopRite. The stock is up significantly since the end of August, dialing in new highs of the month of October today at $0.032. This is up more than 760% since September lows of $0.0037.
Easton Pharmaceuticals Inc (OTCMKTS:EAPH) has seen a bit of a different story in the market. The stock has tumbled for most of the summer and hit lows of $0.0015 last Thursday (9-29). Today the stock has rebounded by as much as 127% after hitting highs of $0.0034 during early morning trading. Easton is focused on women’s health and most recently announced that it had been granted Marketing Authorization for VagiSan (also known as VS-Sense) diagnostic test, supporting on-going exclusive partnership negotiations for Mexico and other Latin American markets with several multinational pharmaceutical companies.
Medical Marijuana Inc (OTCMKTS:MJNA) has enjoyed the attention that the election has placed on marijuana stocks as of late. Since the 21st of September, the stock has been climbing and as of today, shares of MJNA managed to hit highs of $0.077. This latest 75% rally has been fueled not only by the presidential race but also could have been sparked by interest from the company’s most recent announcement that HempMeds® Mexico will hold the first-ever symposium dedicated to providing the medical community with information about the medical value of cannabidiol (NYSE:CBD) derivatives in the treatment of neurodegenerative diseases.