Cyanotech (OTCMKTS:CYAN) Stock Price Up 29.9% – Still a Buy?
by Jessica Moore · The Cerbat GemCyanotech Co. (OTCMKTS:CYAN – Get Free Report)’s share price traded up 29.9% during mid-day trading on Thursday . The company traded as high as $0.3898 and last traded at $0.3898. 3,657 shares were traded during mid-day trading, a decline of 4% from the average session volume of 3,790 shares. The stock had previously closed at $0.30.
Cyanotech Trading Up 29.9%
The business’s fifty day moving average price is $0.39 and its 200 day moving average price is $0.38. The company has a quick ratio of 0.30, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2.88 million, a PE ratio of -1.56 and a beta of -0.09.
Cyanotech Company Profile
Cyanotech Corp. engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. Its products include BioAstin Hawaiian Astaxanthin, a dietary antioxidant, which is used as a human dietary supplement and dietary ingredient to support and maintain the body’s natural inflammatory response, enhance skin, and support eye, joint, and immune health; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids.