SanBio Company Limited (OTCMKTS:SNBIF – Get Free Report)’s share price dropped 20% on Tuesday . The stock traded as low as C$4.65 and last traded at C$4.65. Approximately 1,827 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 2,364 shares. The stock had previously closed at C$5.81.
SanBio Price Performance
The business’s 50-day simple moving average is C$4.37 and its 200-day simple moving average is C$4.03.
About SanBio
SanBio Company Limited develops, produces, and sells regenerative cell medicines for the central nervous system. The company develops SB623 that has completed a phase 2 clinical trial to treat traumatic brain injury in the United States and Japan. Its research pipeline products also comprise SB623 for ischemic and hemorrhagic strokes, age-related macular degeneration, retinitis pigments, Parkinson’s disease, spinal cord injury, and Alzheimer’s disease; SB618 for peripheral nerve damage; SB308 for muscular dystrophy disease; MSC1 for cancer; and MSC2 for inflammatory disease and optic neuritis.
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