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Micro-Caps on the Move; Medical Marijuana Inc. (MJNA), Echo Automotive Inc. (ECAU), Growlife Inc. (PHOT)

Shares of Medical Marijuana Inc. (PINK: MJNA), a company engaged in the medical marijuana and industrial hemp markets, are continuing to rally in trading today. At last check, MJNA shares were trading 36.07% higher at $0.415 on above average volume of 15.45 million. The stock rose to a 52-week high of $0.43 earlier today. MJNA shares have gained more than 128% in the last three trading sessions.

MJNA shares have been gaining momentum after the company recently reported record fourth-quarter 2012 revenue and income. Last month, Red Dice Holdings, Medical Marijuana’s portfolio company, also announced that it is re-launching its innovative hemp oil wellness brand.

Shares of Echo Automotive Inc. (OTC: ECAU), a manufacturer of cost reduction technology for converting fleet vehicles into highly fuel efficient plug-in hybrids, are rallying in trading today. At last check, ECAU shares were trading 12.34% higher at $1.73 on volume of 1.03 million. The stock rose to an intra-day high of $2 earlier today. Despite the sharp rise in trading today, ECAU shares have fallen nearly 12% in the last three trading sessions.

Last week, ECAU announced plans for its inaugural technology workshop and focus group aimed at initiating a productive information flow between its EchoDrive™ technology, design and marketing team with an initial group of influential industry insiders and key potential customers.

Shares of Growlife Inc. (OTC: PHOT), a manufacturer and marketer of progressive horticulture and lifestyle products for the indoor gardening industry and specialty markets in the U.S. and Canada, are seeing a huge rally in trading today.

At last check, PHOT shares were trading 22.40% higher at $0.0776 on above average volume of 13.89 million. The stock rose to an intra-day high of $0.08 earlier today. PHOT shares have gained more than 100% in the last three trading sessions.

 


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