Acquisition Announcement Creates Premarket Frenzy For This Micro Cap

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, December 28, 2021

We love seeing some premarket action within the realm of penny stocks, especially if there had already been some significant price movement in the preceding session. Well, in Tuesday’s premarket, there were actually quite a few micro and small caps that were shaping up nicely, but one in particular stood out to us; Cyberlux Corp (OTCPK:CYBL). Coming off of a major announcement that the company acquired Kreatx SHPK, a developer of innovative software solutions, shares appear to be bid up as we head into the final 10 minutes before the opening bell.

Cyberlux Corp is an advanced lighting technology company. It designs, develops and sells advanced lighting systems that utilize white, infrared (IR) and other light-emitting diodes (LEDs) as illumination elements. It serves Department of Defense (DoD), Commercial channels and Design Services customers.

Traders are bullish on the news as shares are currently bid up at $0.0288/share (+4.35% implied open for sellers). This move would be a strong continuation of Monday’s success as shares went on to close up at $0.0276/share (+18.97%) to start the week.

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