CohBar (NASDAQ:CWBR) Trading Down 8.9% – Here’s What Happened

CohBar, Inc. (NASDAQ:CWBRGet Free Report) shares dropped 8.9% on Thursday . The stock traded as low as $0.31 and last traded at $0.41. Approximately 1,174 shares traded hands during trading, a decline of 60% from the average daily volume of 2,958 shares. The stock had previously closed at $0.45.

CohBar Price Performance

The stock’s 50 day simple moving average is $0.50 and its 200-day simple moving average is $0.46.

CohBar Company Profile

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CohBar, Inc, a clinical stage biotechnology company, develops mitochondria and peptides based therapeutics for the treatment of chronic and age-related diseases. It develops CB4211, a therapeutic that is in Phase 1a/1b clinical trial for the treatment of nonalcoholic steatohepatitis and obesity; and CB5138 Analogs, which is in preclinical study to treat idiopathic pulmonary fibrosis and other fibrotic diseases.

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