Most Active OTC and PINK Stocks To Watch Thursday (COIN, CRPZ, RXPC, FLRE)

Converted Organics, Convenience TV Inc., Radient Pharmaceuticals Corp., Flameret, Inc. fluctuated between gains and losses as the trading day for Thursday continued on. See why these stocks are the most active and why they should be on your watch list for the day.

Converted Organics Inc. (Public, OTC:COIN) declined 34.78% to trade at a price of $0.0300 per stock, falling below its opening price of $0.05. Overall traded volume however rose to 4.14M, bypassing its average volume of 468,302.00 completely. Market capitalization stood at 4.96M, trailing by an EPS of -0.20.

Converted Organics Inc. announced today that its board of directors has concluded that, upon the recommendation of management after consulting with its independent auditors, the Company’s financial statements for the year ended December 31, 2010 and for the three months ended March 31, 2011 and June 30, 2011 should be restated.

CONVENIENCE TV INC (Public, OTC:CRPZ) skyrocketed by 215.38% to trade at a price of $0.0082 per stock early Thursday morning. Overall traded volume followed and rose to 8.42M, leaving behind its average volume of 771,299.00. Market capitalization resided at 150,200.00 as well.

Radient Pharmaceuticals Corporation (Public, PINK:RXPC) jumped up 19.00% to a price of $0.0119, rising above its opening price of $0.01. Overall traded volume stood at 23.63M, its average volume being 28.86M. Market capitalization stood at 2.36M, following an EPS of -2.12.

Radient Pharmaceuticals Corporation has announced that the lawsuits filed against Radient Pharmaceuticals regarding rights to its Combination Immune Technology (CIT) cancer vaccine technology have been dismissed.

Flameret, Inc. (Public, PINK:FLRE) rose to volume of 41.73M, bypassing its average volume of 638,456.00, as the company itself rose by 9.17% to a price of $0.0109, opening at a price of $0.01. Market capitalization stood at 5,100.00, alongside an EPS of -10.00.

Flameret Inc announced that based on a comprehensive review of potential sales channels, industry estimates and initial interest from licensees and distributors, the Company projects revenues of $45 million for the calendar year 2012.

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