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Cyberlux Corporation (OTCMKTS:CYBL) Stock Consolidates After Recent Rally

Pete Matthews , , , ,

Shares of Cyberlux Corporation (OTCMKTS:CYBL) have been gaining momentum over the past week with a jump of 45%.

Market Stats

On Friday, CYBL stock moved down 3% to $0.0167 with more than 114.54 million shares, compared to its average volume of 41.78 million shares. The stock moved within a range of $0.0159 – 0.0214 after opening trading at $0.0175.            

Cyberlux Corporation and ARG Group, LLC Sign Channel Business Partnership for Boosting the Implementation of FlightEye Unmanned Aircraft (UAS) Solutions

Cyberlux Corporation has recently announced about forming a Channel Business Partnership with The ARG Group, LLC. The purpose is to speed up the contracting and revenue growth of the FlightEye Unmanned Aircraft (UAS) Solutions products, the Advanced Lighting Solutions (ALS) products and some tactical solar power generation solutions.

Cyberlux Corporation is an advanced digital technology platform company leading the digital transformation evolution across industries with game-changing Platform-as-a-Service (PaaS) and Software-as-a-Service solutions, unmanned aircraft systems (UAS), cutting edge lighting solutions, and renewable energy and infrastructure technology solutions.

The ARG Group, LLC is a leading provider of sales and tactical distribution services of advanced technology equipment to the Department of Defense (DoD), Federal Law Enforcement Agencies and US Allies. It develops revolutionary energy solutions for the warfighter, including drone capabilities and advanced technology products for special operators.

ARG has been recently awarded membership in the new federal First Look program, which is currently being launched across all U. S. Air Force bases. It allows 26,000 Air Force government purchasing agents to transact with up to $25,000 purchases, efficiently using government charge cards. As part of this program, ARG will help bring Cyberlux ALS and FlightEye UAS solutions to the warfighter. The First Look is estimated to bring in tactical spending of $1.8 billion back to the diverse, small business suppliers to local Air Force installations.

Traders Corner

CYBL stock is trading below the 20-Day and 50-Day Moving averages of $0.0135 and $0.0177 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0209.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.