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Trending Stocks of the OTCPink market are in the news. Their active trend made investors curious to watch and trade. Medical Marijuana Inc (OTCPink:MJNA) is the company which traded well after its earnings announcement for the fiscal fourth quarter. Tranzbyte Corporation (OTCPink:ERBB) was moving actively and remained among the bulls of the day and another most watched company was Brownie's Marine Group Inc. (OTCQB:BWMG), which remained a volume active during the previous trading session.
Medical Marijuana Inc (OTCPink:MJNA) started its day trade with sharp gains as it reported its audited fourth quarter financial statement. On Friday, the stock opened at $0.37 and closed at $0.356 after scoring 12.30% for the day. The companys total traded volume was 34.39 million for the day, whereas its average trading volume remained 16.83 million.
Stocks year to date performance is quite optimistic as it gained more than 252% for this time period. Its total outstanding shares are 736.45 million. MJNA has $0.01 earnings per share, whereas its price to earnings ratio stood at 60.14.
What was the Moving Force behind MJNA On Bullish Run? Read This Research Report on MJNA
The company earned net income of $3.2 million on record gross revenues of $5.2 million for the quarter ended December 31, 2012. This represents a gross revenue increase of over 1100 percent quarter-over-quarter, in comparison of the revenue of $430,140 for the quarter ended December 31, 2011. Furthermore confirming the strong growth of Medical Marijuana core business, revenue surged up around $2.2 million and net income went up by over $2.0 million, as compared to the third quarter 2012. Revenues for 2012 totaled $12.38 million and net income was $7.1 million.
Tranzbyte Corporation (OTCPink:ERBB) has reported that the Companys existing Board of Directors has been again designated to work for another term. ERBBs president, David Gwyther, has made an announcement that he, as well as Colleen Manley, have been elected to work another one year term on the Companys board of directors.
On Friday, ERBB gained volume of 102.07 million shares, while its average volume remained 45.29 million. The stock was a big volume gainer and a positive percentage gainer, as it escalated +25.81% and closed the trading at $0.0078.
For How Long ERBB will Fight for Profitability? Read This Trend Analysis report
Brownie's Marine Group Inc. (OTCQB:BWMG) has updated that its the first time in the Companys history that BWMG will have its personal booth at the 21st Dubai International Boat Show . DIBS will be held at the Dubai International Marine Club -- Mina Seyahi, from March 5, 2013 to March 9, 2013 and will be open to trade visitors as well as the general public.
On Friday, BWMG closed the trading session at $0.0004 and reported no change for the day. Prior one months performance of the stock was negative as it dropped -33.33% and the stock also remained in bearish claws in its preceding 3 months performance as it nosedived -55.56%. Stocks over all traded volume was 79.74 million shares while its usual volume is 16.20 million. Its Beta value stood at 1.11 points.
Should BWMG a Buy or Sell Now? Find Out Here
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Name: OTC Staff