News articles about MTech Acquisition (NASDAQ:MTECU) have been trending somewhat negative this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MTech Acquisition earned a daily sentiment score of 0.00 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.1577211628714 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of MTECU stock opened at $10.17 on Friday. MTech Acquisition has a 52 week low of $9.94 and a 52 week high of $10.28.
In other news, major shareholder Mtech Sponsor Llc acquired 18,750 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $10.00 per share, for a total transaction of $187,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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MTech Acquisition Corp. is a blank check company. The Company is formed for the purpose the effect of merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses. The Company intends to focus on companies ancillary to the cannabis industry, with a particular sector focus that includes compliance, business intelligence, brand development and media.
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