If there is one stock that is almost certain to come on to the radars of investors this week then it is the Cyberlux Corporation (OTCMKTS:CYBL) stock. The stock has been in the middle of a major upward move for the past few days and over the course of the past month alone it has managed to clock gains of 100%.
Trading Data
On Monday, CYBL stock gained 0.25% to $0.0199 with more than 31.09 million shares, compared to volume of 42.66 million shares. The stock moved within a range of $0.0183 – 0.0205 after opening trade at $0.0200.
Recent News
While it is true that there has been no news about Cyberlux in recent day, investors need to note that back on April 1 that company had announced that in the full fiscal year of 2021 it had managed to generate revenues of $8,107,592. On the other hand, the net income for the period stood at $1,903,766.
It proved to be a pretty strong performance from Cyberlux and that was possibly the reason why the stock has soared to such a degree in recent day. In this regard, it is perhaps also necessary to point out that Cyberlux also managed to boost its balance sheet assets to as much as $9,327,043. It was also noted that the acquisition strategy from the company that had ended on December 31, 2021 has also ended on December 31, 2021.
Technical Data
CYBL stock is trading above the 20-Day and 50-Day Moving averages of $0.0172 and $0.0144 respectively. However, the stock is trading below the 200-Day moving average of $0.0227.
