MIPIQ mounts charge, ARTS active, KNSC stumbles

Posted on: Thursday, March 24th, 2011
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 Molecular Insight Pharmaceuticals Inc. (Pink Sheets: MIPIQ) darted ahead 110% in price to 3.15 cents Thursday. Volume was 513,920 shares, better than triple its daily average. MIPIQ is a clinical-stage biopharmaceutical company and pioneer in molecular medicine.

Artfest International Inc. (OTCBB: ARTS) traded in 43.3 million shares, trampling over an average of 251,286. Share prices were unchanged, however, at two-100ths of a cent.

Kenergy Scientific Inc. (Pink Sheets: KNSC) saw its share price halved Thursday to one-100th of a cent, on volume of 1.3 million, compared to a daily average of 25.7 million.

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Category: Alternative Energy Stocks, Healthcare, OTCBB, Pink Sheets
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The term "penny stocks," also known as micro-cap equities, micro caps, small caps, pink sheets, refers to shares in a company that trades for less than $5.00. Most penny stocks trade on the OTCBB market and the pink sheet electronic quotation service. Penny Stocks can be very volatile and can see gains as much as 500% in a day. Volatility in penny stocks is also dangerous because penny stocks can come down as quickly as they go up. If you trade penny stocks based on stock picks, make sure to always do your due diligence on the companies you're considering, use stop loss orders, and book your profits when you are in a position to do so.