Where Is Cellceutix Corp (OTCBB:CTIX) Headed

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Las Vegas, NV -- (SBWIRE) -- 05/16/2013 -- Cellceutix Corp (OTCBB:CTIX) plunged 3.47% to $1.95 per share during the recent trading session.

The stock prices of Cellceutix Corp are moving in a bearish trend. The stock rose to highs of $2.18 per share during the first week of May, 2013 but has been falling ever since. The traded volume was 388,546 till mid day which is relatively higher than the average volume of 207,78 shares per day tha the company trades. This shows that investors are upbeat about the stock.

The investors supported the company’s stock at $1.81 per share but the stock was resistant at $2.01 per share. Cellceutix Corp has 95.62 million outstanding shares. It is currently trading a market valuation of $186.46 million.

To find out what OTCMAGIC projects for Cellceutix Corp for both short term and long term please click here: CTIX

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