Citius Pharmaceuticals Inc (NASDAQ:CTXR) manages to close in the green on Friday after the earnings update.
CTXR stock closed at $1.96, up 3.70% on Friday. More than 4.54 million shares traded hands for the session. The stock opened at $1.902 and moved within a range of $1.8910-$2.0350. However, the stock ended the week with a fall of about 9.70%.
Citius Pharmaceuticals Releases News
Citius Pharmaceuticals updated shareholders with news this week. Key Points were:
- CTXR raised approximately $96.5 million from financing activities during the first quarter of 2021;
- CTXR reported $103.7 million in cash and cash equivalents as of March 31, 2021;
- Net loss was $4.1 million and $12.3 million for the three and six months ended March 31, 2021, respectively, compared to a net loss of $4.4 million and $8.7 million for the comparable periods in 2020.
CTXR is currently trading below its 20 day moving average, but slightly above its 50 and 200 MAs. The stock is up 8.89% for the month and 92% this year.