Lightwave Logic, Inc. (OTCMKTS:LWLG) Gets Corrected
tags: LWLG
The last time we wrote about Lighwave Logic, Inc. (OTCMKTS:LWLG) was back in November when the ticker began sliding down the charts on increased volumes. It continued its downward slide in the following months and reached an all-time low in the beginning of this year.
It then began to regain some of the lost value and shot up the charts. The volumes weren’t as big as the ones which were recorded during the descent and it seemed that investors had lost interest. The company is still unable to generate revenues, but it is in a pretty decent financial state.
- cash: $3.02 million
- total assets: $4.23 million
- total liabilities: $129 thousand
- net loss: $1.29 million
Those numbers are pretty decent and we are quite sure that LWLG has its supporters. It must be noted that we rarely see a company with such cash reserves and such low liabilities. This is one of the reasons for which we consider its current market cap, which is around $48 million as adequate.
Meanwhile, the company came out with another positive press release some ten days ago. After it was published we saw LWLG begin to climb more vigorously. Yesterday, however, the ticker corrected and lost 9.98% of its value, closing at $0.74, while a total of 237 thousand traded shares generated $177 thousand in daily dollar volume.
LWLG is doing far better today and has already regained its losses. Still, that doesn’t mean that you should skip doing your due diligence and weighing out the risks before putting any money on the line.
