Bone Biologics (OTC:BBLG) Stock Price Down 5.5% – Here’s Why

Bone Biologics Co. (OTC:BBLGGet Free Report)’s share price dropped 5.5% during trading on Monday . The stock traded as low as $2.08 and last traded at $2.08. Approximately 39,231 shares changed hands during trading, a decline of 82% from the average daily volume of 222,141 shares. The stock had previously closed at $2.20.

Bone Biologics Trading Down 5.5%

The firm has a market cap of $1.13 million, a price-to-earnings ratio of -0.04 and a beta of 0.66. The company has a 50 day moving average of $3.50 and a 200 day moving average of $4.47.

About Bone Biologics

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Bone Biologics Corporation, a medical device company, focuses on bone regeneration in spinal fusion using the recombinant human protein. The company's NELL-1/DBM, an osteopromotive recombinant protein that provides target specific control over bone regeneration. It also develops NELL-1/DBM Fusion Device for use in spinal fusion procedures in skeletally mature patients with spinal degenerative disc disease at one level from L2-S1.

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