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Sino Biopharmaceutical (OTCMKTS:SBMFF) Shares Up 17.3% - Here's Why

Sino Biopharmaceutical logo with Medical background

Key Points

  • Sino Biopharmaceutical shares surged by 17.3% during trading, reaching a high of $1.16, with a trading volume increase of 2,964% compared to the average session.
  • The stock's 50-day moving average is at $0.90 and its 200-day moving average is at $0.64, indicating significant upward momentum.
  • Sino Biopharmaceutical operates as a major pharmaceutical conglomerate in China, focusing on various segments including oncology and liver disease medications.
  • Five stocks we like better than Sino Biopharmaceutical.

Shares of Sino Biopharmaceutical (OTCMKTS:SBMFF - Get Free Report) shot up 17.3% during mid-day trading on Monday . The company traded as high as $1.16 and last traded at $1.16. 2,500 shares were traded during trading, an increase of 2,964% from the average session volume of 82 shares. The stock had previously closed at $0.99.

Sino Biopharmaceutical Stock Performance

The stock's 50-day moving average is $0.90 and its 200-day moving average is $0.64.

Sino Biopharmaceutical Company Profile

(Get Free Report)

Sino Biopharmaceutical Limited, an investment holding company, operates as a research and development pharmaceutical conglomerate in the People's Republic of China. It operates through three segments: Modernised Chinese Medicines and Chemical Medicines, Investment, and Others. The company offers oncology medicines, including anlotinib hydrochloride capsules under Focus V brand, penpulimab injection under Annike brand, efbemalenograstin alfa injection under Yilishu brand, pomalidomide capsules under Anyue brand, bevacizumab injection under Anbeisi brand, rituximab injection under Delituo brand, and trastuzumab for injection under Saituo brand; liver disease medications, such as magnesium isoglycyrrhizinate injection under Tianqing Ganmei brand and entecavir dispersible tablets under Runzhong brand; and respiratory system medicines comprising budesonide suspension for inhalation under Tianqing suchang brand and colistimethate sodium for injection under Tianyun brand.

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