The Reason Penny Stock Cyclacel Pharma's Share Price Doubled the Past 10 Days

Shares of biotech micro-cap Cyclacel Pharmaceuticals (CYCC) have doubled in price in the past 10 days. Call it the Lloyd Christmas effect.

Dumb & Dumber.

You can sort of understand why momentum traders would be attracted to a penny biotech stock like Cyclacel. It recently underwent a 1-for-12 reverse split, taking the share count down to 3 million. It's a low floater.

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