$0.0090 per share.Along with the phenomenal price jump, the traded volume also climbed up to over 23 million shares traded for the day. That’s a shockingly high value as compared to the average volume of approximately 4 million shares.
Obviously, something has provoked the investors’ strong interest and the stock started to climb up at full speed.[BANNER]
The latest announcement released by Cyberlux, was on the first $340 thousand shipment of its $3.4 million contract with National Guard Bureau. The company is highly satisfied with their revenue and claims that it is the highest one since its inception. According to the announcement, CYBLD expects to obtain more cash, though their shareholders will be able to follow this in the next weeks.
Cyberlux Corporation develops, manufactures and markets long-term portable lighting products for commercial and industrial users. Historical records show that CYBLD has traded much higher over the past 12 months, when its price reached approximately $1.00 per share. However, after that a downtrend occurred and the price moved down.
Though the current price jump, the company’s first quarter financials don’t look promising at all. By the end of March this year CYBLD has generated lower net income and revenue and incurred a higher net loss. The company’s total assets are about $122 thousand, while its liabilities are over $13 million, which is a serious matter to think about.
Though the operating cash of CYBLD has also decreased, the company claims that it has “sufficient capital resources to meet projected cash flow deficits through the next twelve months”. However, as the current price jump cannot be considered as a bullish trend yet and as CYBLD’s future profits are still not confirmed, the results remain questionable.
