Tranzbyte Corp. (OTCMKTS:ERBB) Up by Over a Quarter – HotStocked

8ERBB_chart.pngThe last few weeks have been something of a bumpy ride for Tranzbyte Corp. (OTCMKTS:ERBB, ERBB message board). After fluctuating between $0.02 and $0.04 per share, yesterday ERBB managed to hit a new high. The company closed a good 27% up and stopped at $0.05 per share by the bell, with volume picking up and approaching its highs from about a month ago.

The ticker had a steadier start out of the gate but picked up steam in the early afternoon and managed to climb to a new high by the end of trading. There were no new press announcements coming from ERBB over the last few days, with the most recent one coming through on March 11, which we examined in more detail in a previous article.

ERBB was likely helped up by the circulation of an image of its new ‘Jurassic’ oxygenation system that claims to vastly increase the amount of dissolved oxygen in water. The system is supposed to bring about a significant increase in growth, according to unspecified ‘studies’. The unit has a price some may consider steep, with the whole setup costing $11.7 thousand. The marijuana investor community has proven easily excitable in the past and it would be no wonder if this information helped ERBB up, even though there are other oxygenation solutions, some of which are priced well below Jurassic’s price tag.

7ERBB_logo.jpgERBB’s price also picked up in the afternoon, around the time when more marijuana news hit the wire. The Federal government decided to allow researchers at the University of Arizona to purchase and do research on marijuana and its applications for treating post-traumatic stress disorder. The news seems to have made a bit of a splash as a couple of other marijuana-related tickers moved up in the afternoon, after a steadier morning.

Growlife, Inc. (OTCBB:PHOT) once again headed the pot stock pack, closing 32% up on dollar volume of nearly $64 million. Cannabusiness Group (OTCMKTS:CBGI), one of the newcomers to the marijuana game, ended yesterday’s session a whopping 73% up.

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