CytoDyn Inc (OTCMKTS:CYDY) Crashing Horribly
CytoDyn Inc (OTCMKTS:CYDY)’s movement in the charts this year has been like a rollercoaster. The company stock has been going up and down and there have been fluctuations in daily volumes as well.
The market cap of CYDY is also quite big and stands well above the $100 million mark, but the company is certainly something that you rarely see on the OTC marketplace. A quick look at the numbers of prime interest contained in its latest report shows just that.
- cash: $10.2 million
- current assets: $12.2 million
- current liabilities: $3.37 million
- revenues: ZERO
- net loss: $5.05 million
Those numbers are certainly impressive for an OTC entity, but so is the market cap. Meanwhile, there has been a sufficient amount of dilution going on between October last year and January this year. This might be one of the reasons for the up-and-down movement of CYDY.
After the most recent climb we see that CYDY is in a downward slide. It has closed the last three sessions in the red and lost 11.63% yesterday, finishing at $1.14. A total of 304 thousand shares changed their owners, generating $349 thousand in daily dollar volume.
CYDY is still going down today, so you should be sure to do your due diligence and weigh out the risks before putting any money on the line.
