The Motley Fool

Auscann Group Holdings Ltd shares are down 14% in a month

Although the Auscann Group Holdings Ltd (ASX: AC8) share price finished the day 1.1% higher at 44.5 cents, it has been a disappointing month for shareholders of the medicinal cannabis company.

Since this time last month AusCann’s shares have lost close to 14% of their value.

This statistic becomes even worse if you stretch it out to a six-month timeframe. During this period of time the pot stock has fallen a whopping 48%.

These declines are largely the result of speculators betting on its shares rallying higher and higher.

But unfortunately investor appetite for pot stocks appears to be waning at present and speculators have been heading to the exits in their droves.

It’s not just AusCann’s share price which has been hit. Over the last six months the shares of fellow pot stocks Creso Pharma Ltd (ASX: CPH), MMJ Phytotech Ltd (ASX: MMJ), and Zelda Therapeutics Ltd (ASX: ZLD) have all suffered from double-digit declines.

Why Elon Musk’s “secret weapon” was the most shorted share in Australia...

On 9 March, the visionary Tesla co-founder and CEO made a bold $63,000,000 to save a large swath of Australia. But in the process, he accidentally revealed the small Melbourne-based company that allows him to consistently make the impossible possible. At one point, this little understood company was actually the single most heavily shorted share in all of the ASX. Yet oddly enough, nine out of 10 analysts call it a screaming BUY! And that includes Motley Fool Australia.

We just isolated this company as Elon Musk’s “secret weapon”, and think it’s dynamic run (up more than double after initially floating shares just two and a half years ago!) is only getting started. For the full story on this company, as well as how to get invested alongside us today, simply click here!

Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.