Marijuana Company Of America Inc (OTCMKTS:MCOA) insider Donald J. Steinberg sold 3,899,572 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $0.04, for a total value of $155,982.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Marijuana Company Of America Inc (OTCMKTS MCOA) traded down $0.01 during midday trading on Thursday, hitting $0.04. The company had a trading volume of 12,506,982 shares, compared to its average volume of 21,960,000. Marijuana Company Of America Inc has a 52-week low of $0.02 and a 52-week high of $0.09. The stock has a market capitalization of $73.98, a price-to-earnings ratio of -3.58 and a beta of -8.69.
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Marijuana Company of America, Inc, formerly Converge Global, Inc, is a development-stage company. The Company is a cannabis marketing and distribution company that distributes medical cannabis products. The Company provides product sourcing, branding, payment, distribution and knowledge through an architecture structure to maintain customer loyalty and capture market share.
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