Cellceutix Corp (OTCMKTS:CTIX) Finishes The Week Green

[[tagnumber 0]][[tagnumber 1]]Cellceutix Corp (OTCMKTS:CTIX) has had quite a tough time in the second half of last month in which it recorded a massive amount of consecutive sessions in which it was sliding down. The beginning of August was also very disappointing and we saw the ticker make a drastic drop on an impressive volume in one of the first sessions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we previously wrote, the main reason for the terrible performance of [[tagnumber 6]]CTIX[[tagnumber 7]] was an article that was posted on a popular investor forum, that was written by an anonymous user who was openly shorting the company stock. Still, the company market cap which is upward of $200 million is quite big, despite the fact that [[tagnumber 6]]CTIX[[tagnumber 7]] is one of the most financially strong OTC markets entities.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $10.8 million[[tagnumber 15]] [[tagnumber 14]]current assets: $17.07 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $7.3 million[[tagnumber 15]] [[tagnumber 14]]quarterly revenues: $0[[tagnumber 15]] [[tagnumber 14]]quarterly net loss: $2.89 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those were the numbers contained in the company’s report for the first quarter of the year and we can all agree that they are pretty impressive. Furthermore, as we have previously mentioned, [[tagnumber 6]]CTIX[[tagnumber 7]] is developing several products that are in clinical trials. Last Thursday the company announced that their latest clinical trial for the anti–cancer agent Kevetrin has met its goals and is approaching the end of its Phase 1 trial.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This led to a decent gain of 14.69% in Friday’s session which pushed [[tagnumber 6]]CTIX[[tagnumber 7]] to a closing price of the week of $1.835. We saw a total of 273 thousand shares changed their owners during the day which generated $465 thousand in daily dollar volume, quite small compared to the previous sessions.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see, however, a lot of hesitation in [[tagnumber 6]]CTIX’s[[tagnumber 7]] performance today, so be sure to do your due diligence and weigh out the risks before making any investment decisions.[[tagnumber 2]]