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Medical Marijuana, Inc. (OTC: MJNA), is off to a fairly stable 2017. Starting January 3, 2017 at $0.154/share and ending February 17, 2017 at $0.140/share. Between January 6 and 17, the stock maintained a stable closing price of $0.18/share.

MJNA YTD Price Chart, February 17, 2017
MJNA price remains stable so far in 2017. Source: Yahoo Finance

This may be a sign of stability growing in the up and down marijuana penny stock market. Although it may be that most marijuana stocks are overvalued, if the hype can sustain the price will sustain as well. More interesting than this year is what has happened over the last 12 months.

MJNA Last 12 Months
MJNA is on a tear for the last 12 months. Source: Yahoo FInance

That’s quite a gain since February 2016. The stock is up over 500%.

Do you think Marijuana Inc. hold up to the hype or even go much higher? Leave your comments below!

 

*The above references an opinion and is for information purposes only.  It is not intended to be investment advice.  Seek a duly licensed professional for investment advice.

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