Lightwave Logic Inc. (OTCMKTS:LWLG) is up 50% in a month. Recently the company announced approval by the Nasdaq Stock Market LLC to list its common shares on the Nasdaq Exchange. The company started trading on the Nasdaq on September 1, 2021, under the ticker “LWLG). However, its stock continued trading in the OTCQX until the end of August.
CEO Michael Lebby stated that they are delighted to announce the listing of their shares on the Nasdaq Exchange, which is a monumental achievement for the company and its shareholders. He concluded that the company is advancing towards its mass commercialization objective, enhancing its efforts with tier-1 possible clients assessing its tech under NDA.
The company also offered a corporate update and foiling of its Q2 2021 report for the quarter ended June 30, 2021. At the end of the quarter, the company had cash and cash equivalents of $13.9 million. The current cash position is adequate for the company to run operations through November 2022. So, in the coming weeks, LWLG is worth watching.
Market Reaction:
On Friday, LWLG stock gained 0.88% at $10.28 with more than 276K shares, compared to its average volume of 733k shares. The stock has moved within a range of $9.96 – 10.89 after opening the trade at $10.57
