Cleveland BioLabs Inc. (CBLI) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 23. At the lunch break, shares of CBLI have clocked gains of 4.35% to $1.68 after closing the day prior at $1.61. In the first two and a half hours of trading, the stock has gone as high as $1.75 and as low as $1.6. Today’s rise has come with about 26,708 shares changing hands, compared to an average 30-day volume of 31,838 for Cleveland BioLabs Inc.. The price is currently below the 30-day volume weighted average price of $1.65 for CBLI.
The share appreciation gives the company a market capitalization of $17.69 million based upon 10.99 million shares outstanding. It also means that CBLI has a price-to-book ratio of 2.28:1.
In the past 52 weeks, shares of CBLI have traded as low as $1.55 and as high as $4.93. Technical traders will take note that at $1.68, shares of CBLI are trading below their 200-day MA at $2.75 and below their 50-day MA at $2.14. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is CBLI?
Cleveland BioLabs Inc is a biopharmaceutical company developing novel approaches to activate immune system & address medical needs. Its proprietary platform of toll-like immune receptor activators are used in radiation, oncology immunotherapy & vaccine. The company’s 27 employees are led by CEO from the corporate headquarters at 73 High Street in Buffalo, NY.
For more information on CBLI and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.
All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.
FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.