Aytu Bioscience (AYTU) reports a cash balance of $62.5 million
Aytu Bioscience Inc (AYTU) currently trades at $1.51 and has fallen by 5.441% today. AYTU announced that it has received over the preceding three weeks over $23.0 million in cash proceeds from warrant exercises with prices ranging from $1.25 to $1.50. The warrants had a weighted-average exercise price of $1.35. In total, 17.1 million warrants were exercised. AYTU also announced a cash balance of $62.5 Million as of March 31, 2020. Financial statements for the quarter ending March 31, 2020 are will be released the week of May 11, 2020.
Based on this information, investorsQ rates this stock 5 out of 10. We give it this rating based on current information written in this article. The high forecast for AYTU Bioscience Inc is $5.00 and the low is $4.75. Notably, the company’s market cap is $87.56 million with a 52 week high of $2.99 and a 52 week low of $0.34. AYTU went down $0.08 from the previous closing price of $1.41. AYTU has changed in price by -0.45 per share in the last 12 months.