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CYAN Stock Surges 6.58% on U.S. OTC Market Amid Sector Decline
CyanotechCyanotech(US:CYAN) GuruFocus·2024-10-02 20:12

Company Summary - CYAN experienced a stock price increase of 6.58%, currently trading at $0.81 per share with a trading volume of 6,855 shares and a turnover rate of 0.10% [1] - The company reported a revenue of $5.90 million but incurred a net loss of $1.20 million, resulting in an earnings per share (EPS) of -$0.17 [2] - The gross profit for CYAN was $1.48 million, and the price-to-earnings (P/E) ratio was -1.01 [2] Industry Summary - The broader packaged foods industry on the U.S. OTC market saw a decline of 0.48% [3] - Notable stocks in the sector, such as Stryve Foods, Inc. and Steakholder Foods Ltd, posted considerable gains [3] - Active stocks included Blue Star Foods Corp., 农米良品, and Stryve Foods, Inc., with turnover rates of 5.21%, 3.61%, and 3.42%, respectively [3] - Stocks with significant price volatility included Above Food Ingredients Inc C/Wts 28/06/2029 (To Pur Com), Clene Inc C/Wts 30/12/2025 (To Pur Com), and 幸福来, showing swings of 79.74%, 76.01%, and 32.33%, respectively [3]