Cyberlux Corporation (OTCMKTS:CYBL) Stock More Than Doubled In 6-Month: But Why?
The gains made by stock over a relatively longer-term almost always provide a relatively fair idea about its prospects. One of the stocks to have performed strongly over the course of the past six months is the Cyberlux Corporation (OTCMKTS:CYBL) stock.
During the period, the stock has managed to clock gains of as much as 110% and as such, it is possible on the watch lists of many investors. In this situation, it could be the right time for investors to take a look at some of the recent developments with regards to Cyberlux and then make their minds up about the future of the stock.
Announces Mr. Paul “NURK” Nurkkala as Chief Test Pilot
In this context, it might be a good time to look into the announcement made by the company back on December 30, 2021. The advanced digital technology platform firm announced at the time Paul Nurkkala had joined Cyberlux in the capacity of the FirstEye Chief Test Pilot and also as a member of the Technical Advisory Board. It was a major catch for Cyberlux considering the fact that Nurkkala is a well-known face in the industry and his addition could prove to be a big boost for its operations.
Acquisition of Kreatx SHPK
However, it should be noted that Cyberlux has also been making some important moves as well and those might also have been major factors behind the rally. Back on December 28, 2021, the company announced that it had completed the acquisition of Kreatx SPHK. Kreatx is an innovative software solutions developer and such an acquisition can only prove to be a positive for Cyberlux in the long term if it all works as envisioned.
Kreatx is a company that has considerable expertise and knowledge when it comes to the building of SaaS (software as a service) solutions. Considering the fact that Cyberlux is also involved heavily in that particular space, it is going to be interesting to see how it all works out over the course of the coming months. At this point in time, it may be a good time to add the Cyberlux stock to your watch lists and keep an eye on the price action.