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Article: Cyanotech getsnew life, surges370% in 2003
- Article from:
- Honolulu Star - Bulletin
- Article date:
- January 1, 2004
- Author:
CopyrightCopyright Honolulu Star - Bulletin Jan 1, 2004. Provided by ProQuest LLC. (Hide copyright information)
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If you want to ponder the difference a day can make, just ask shareholders of Cyanotech Corp., who have watched the stock rebound nearly fourfold since releasing third-quarter earnings in late October.
That financial report marked a turnaround in the company's stock fortunes and resulted in Cyanotech ending up as the best performer last year in the Bloomberg Honolulu Star-Bulletin local stock index with a gain of 370 percent.
The Kona company, which makes nutritional and feed products from microalgae, struggled for most of 2003 to keep its stock price up and by September was facing a delisting from the Nasdaq SmallCap Market for failing to comply with the $1 minimum bid price-listing ...