Sino Biopharmaceutical (OTCMKTS:SBMFF) Trading Up 2.3% - Here's Why

Key Points

• Sino Biopharmaceutical's shares increased by 2.3% on Tuesday, reaching a trading high of $0.95, although the trading volume was down 23% from its average.
• The company's stock has a 50-day moving average of $0.76 and a two-hundred day moving average of $0.56, reflecting a positive trend in recent performance.
• Sino Biopharmaceutical operates as a research and development pharmaceutical conglomerate in China, focusing on various medical segments including oncology, liver disease, and respiratory treatments.

Shares of Sino Biopharmaceutical (OTCMKTS:SBMFF - ) were up 2.3% on Tuesday . The stock traded as high as $0.95 and last traded at $0.95. Approximately 1,500 shares were traded during trading, a decline of 23% from the average daily volume of 1,949 shares. The stock had previously closed at $0.93.

Sino Biopharmaceutical Trading Up 2.3%

The firm has a 50-day moving average of $0.76 and a two-hundred day moving average of $0.56.

Sino Biopharmaceutical Company Profile

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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