Cyclacel Pharmaceuticals Inc 6% Conv. Pref. Shrs (NASDAQ:CYCCP) Stock Crosses Above Fifty Day Moving Average of $5.05
Cyclacel Pharmaceuticals Inc 6% Conv. Pref. Shrs (NASDAQ:CYCCP) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.05 and traded as high as $6.40. Cyclacel Pharmaceuticals Inc 6% Conv. Pref. Shrs shares last traded at $5.84, with a volume of 1,906 shares changing hands.
The company’s fifty day simple moving average is $5.06 and its 200 day simple moving average is $4.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.27%. The ex-dividend date of this dividend is Thursday, January 16th.
Cyclacel Pharmaceuticals, Inc, a biopharmaceutical company, develops medicines for the treatment of cancer and other proliferative diseases. The company's oncology development programs include sapacitabine, a novel orally-available nucleoside analog that is in Phase III clinical trial for the front-line treatment of acute myeloid leukemia; and Phase II clinical trial for the treatment of myelodysplastic syndromes.
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