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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.

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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.

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