New age technology platform firm and LED lighting supplier Cyberlux Corporation (OTCMKTS:CYBL) was in deep focus among investors yesterday and that can be gauged from the sort of gains that were generated by its stock.
Trading Data
On Thursday, CYBL stock gained 12% at $0.0431 with more than 133.87 million shares, compared to its average volume of 130.93 million shares. The stock has moved within a range of $0.0373 – 0.0439 after opening the trade at $0.0384.
Issues Monthly Recap
The stock rallied sharply and went up by as much as 12% on Thursday after the company came up with an update with regards to some of its achievements for October 2021. The Chief Executive Officer of the company Mark Schmidt spoke about the milestones that were hit by Cyberlux for the month of October.
He stated that October was an ‘exceptional month’ for Cyberlux as the company not only announce fresh funding and completed two acquisitions but also managed to add talented personnel and generated strong revenues.
In October, Cyberlux managed to generate revenues of as much as $1,917,875 and that was the highest monthly revenue that had ever been generated by the company. On the other hand, the revenues generated by the company in the year up until the end of October came in at $4,096,581 and that had surpassed the projections of $3,000,000 from Cyberlux comfortably. It remains to be seen if the stock can continue to add to its gains today.
Technical Data
CYBL stock is trading above the 20-Day and 200-Day Moving averages of $0.0424 and $0.0351 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0124. The stock is down 143% in the past 3-month.
