Marijuana Company Of America Inc (OTCMKTS:MCOA) insider Donald J. Steinberg sold 2,645,607 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $0.02, for a total value of $52,912.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of MCOA stock traded down $0.00 during trading hours on Wednesday, reaching $0.03. The company’s stock had a trading volume of 1,873,613 shares, compared to its average volume of 11,704,271. The company has a market capitalization of $58.27, a PE ratio of -2.70 and a beta of -6.63. Marijuana Company Of America Inc has a 52-week low of $0.02 and a 52-week high of $0.07.
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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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