|
The Bloomberg /
Star-Bulletin Index
|
Cyanotech rises
Cyanotech Corp. led the Bloomberg Honolulu Star-Bulletin stock index during a holiday-shortened week with a gain of nearly 9 percent.
But that gain brought Cyanotech's price to only 71.9 cents -- still below the $1 level it will need to sustain for 10 days to remain on the Nasdaq SmallCap Market. It last crossed that threshold in October. Year to date, the stock is down 3 percent, and over the last 12 months is down 43 percent.
The runner-up this week was Barnwell Industries Inc., up almost 4 percent to close at $23.25.
The Bloomberg / Star-Bulletin Index is a price-weighted index designed to measure the performance of Hawaii-based companies. The index was developed with a base value of 100 as of December 31, 1999. A chart of the index which shows the weekly performance of its members is published weekly in the Honolulu Star-Bulletin.
SOURCE: BLOOMBERG NEWS / STAR-BULLETIN GRAPHIC
