Can AGRITEK HLDGS INC COM USD0.0001 (OTCMKTS:AGTK) Stock Sustain Trend?

AGRITEK HLDGS INC COM USD0.0001 (OTCMKTS:AGTK)

AGRITEK HLDGS INC COM USD0.0001 (OTCMKTS:AGTK)

AGRITEK HLDGS INC COM USD0.0001 (OTCMKTS:AGTK) stock has doubled in value this week amongst massive increases in volume. On Monday AGTK stock opened at $0.0108, but by Thursday stock in the cannabis sector company closed at $0.0232. Volume for Monday came in at 1,497,876 but Thursday’s volume was a massive 41,775,908. Most experts believe that four days of gains, combined with exceptionally heavy trading volume, is a confirmation of higher AGTK stock price levels.

AGTK Stock Chart

AGTK Stock
One month stock price chart for AGTK

The legal cannabis industry has likely been, year to date, one of North America’s largest growth sectors in terms of the share prices of the companies involved. AGRITEK HLDGS INC COM USD0.0001 (OTCMKTS:AGTK) operates within the medicinal marijuana space. Agritek itself does not directly grow, harvest, distribute, or sell cannabis or any substances that violate or contravene United States law or the Controlled Substances Act, nor does it intend to do so in the future. Rather Agritek consults to companies that produce medicinal and recreational cannabis. Additionally, the company owns property in Colorado that may be used to grow cannabis. Through formalized partnerships with companies in California and Puerto Rico, Agritek has access manufacturing and processing capabilities. AGRITEK HLDGS INC COM USD0.0001 (OTCMKTS:AGTK) also operates several Hemp and cannabis brands for distribution including MD Vapes, MicroDose Strips, “Hemp Pops” and “California Premiums.”

Yesterday, AGRITEK HLDGS INC COM USD0.0001 (OTCMKTS:AGTK) announced that the company will be featured on the FOX Business News show “NEW TO THE STREET,” this Sunday.   In addition to Agritek Holdings, Inc. (OTCQB:AGTK), the show will also cover Genoil Inc. (OTCQB:GNOLF), Kimberly Parry Organics Corp. (OTCPINK:KPOC), Cannasaver, and DIB Funding Inc.-“DIBCOIN.”  The show’s broadcast is Sunday, August 20, 2017, at 2:00 PM Eastern/11:00 AM Pacific, airing nationwide on the FOX Business Network — reaching 95 million homes.

AGTK stock has a 52-week high of $0.08. National coverage of this stock may tempt speculators to allocate a small portion of their stock portfolio to the fast-rising company. With a market capitalization of just over $12 million, it may not take a lot to challenge its highs.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Author: Steve Clark

Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

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