Wednesday was a tough day in the markets for investors in Cyberlux Corporation (OTCMKTS:CYBL) as the company’s stock suffered from a selloff and ended up with a decline of as much as 10%. The company, which is regarded as an advanced technology platform entity, was in the news yesterday after it made an announcement with regards to its revenues for the month of April.
Trading Data
On Wednesday, CYBL stock fell 10.23% to $0.0161 with more than 25.12 million shares, compared to its average volume of 38.94 million shares. The stock moved within a range of $0.0156 – 0.0188 after opening trading at $0.0180.
Key Details
Cyberlux announced that it had managed to bring in revenues of as much as $2.46 million for the month of April. More importantly, it had exceeded the April Revenue Plan of $2 million that the company had set by as much as 23%.
In addition to that, it also reflected 12% rise when compared to the $2.2 million in revenues that Cyberlux had generated for the month of March. In addition to that, it was the first time in the history of Cyberlux that it had managed to surpass $2 million in revenues in three back to back months.
When it comes to year to date revenues, it stood at $8.7 million and that was again higher than the revenues plan of $6.5 million. However, investors were somehow not particularly happy about it all and the stock declined substantially.
Technical Data
CYBL stock is trading below the 20-Day and 50-Day Moving averages of $0.0188 and $0.0176 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0238.
