Friday, March 25, 2016

mCig Stock Undervalued Here - Why I like the Stock

In my opinion the share price of mCig (ticker symbol mCig $MCIG) is undervalued here.  The company has recently filed its quarterly report and it shows that the percentage of gross profit to revenue is about 54%, with net loss narrowing.  The company has many initiatives in the work and in my opinion, these will be good for the stock moving forward.  The all-time high for the stock's price is about 75 cents per share.  It may be a good time to look more at the stock as it is trading for less than 4 cents per share currently.  In full disclosure, I am long MCIG.

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