China Ritar Power Corp. (PINK:CRTP) has been traded on the OTC Pink tier since late June. The stock of the company was halted by the NASDAQ for a few months before the company filed for a voluntary delisting.
It may have been a prudent move to get out of the halt, but CRTP has been trading significantly lower on the OTC. Yesterday CRTP closed up 7.35% at $0.73 with a volume of approximately 137 thousand shares.[BANNER]
Holding close to this level may actually seem good, keeping in mind that CRTP hasn’t filed a single financial report since its quarterly for Q3 of 2010. The company has all but forgotten its website too.
Since CRTP is keeping quiet it’s not clear what is going on with the company. Some may think CRTP is just another failed China scam, others will say it’s a real company. Right now there is no proof going either way.
