Shares of Cyanotech (CYAN, Financial) on the U.S. OTC market recently experienced a significant drop, falling by 9.54%. The stock is currently priced at $0.570 per share, with a trading volume of 3,695 shares and a turnover rate of 0.05%.
According to the latest financial report, Cyanotech reported revenues of $5.90 million and a net loss of $1.20 million, resulting in earnings per share of -$0.17. The company’s gross profit stood at $1.48 million, with a price-to-earnings ratio of -0.75. At present, there are no institutional ratings available recommending a "buy," "hold," or "sell" for the stock.
Within the packaging food industry on the OTC market, there was an overall growth of 0.64%. Significant gainers include Chromadex Corporation, Arcadia Biosciences, and Nocera, Inc. Notably active stocks in this sector were Chromadex Corporation, Blue Star Foods Corp., and Cimg Inc., boasting turnover rates of 34.22%, 17.90%, and 6.43%, respectively. Some stocks also showed high volatility, with Chromadex Corporation, Above Food Ingredients Inc C/Wts 28/06/2029 (To Pur Com), and Arcadia Biosciences leading in amplitude with 47.85%, 19.43%, and 17.66% respectively.
