The Lightwave Logic (OTCMKTS:LWLG) stock continued its upward move this morning and has jumped by 19% after the company announced the test results with regards to its super fast optical modulator.
The stock rallied since Lightwave Logic since those modulators managed to surpass the bandwidth design targets. In addition to that, the modulators managed to clock data rates that were three times the rates that were recorded by competing devices that are in the market nowadays.
It is a major breakthrough for Lightwave Logic and the optimism among investors is not surprising. The modulator devices had been fabricated and designed at the company’s Colorado facility by way of a silicon semiconductor platform. It is necessary to note that the stock has been one of the notable performers this year so far having recorded gains of 405% in 2021. In the first quarter, Lightwave had announced that its Polymer Plus platform has managed to continue to find use cases in fast growing industries.
Market Reaction
LWLG stock soared 19.23% to $5.95 with more than 685K shares traded hands, well above its average volume of 344K shares. Moreover, the stock made a new high of $5.97 in the morning session.
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